This Is One Of The Scammiest Payday Loans We’ve Ever Seen

This Is One Of The Scammiest Payday Loans We’ve Ever Seen

Many payday loans have confusing terms and questionable fees that end up costing the borrower a lot more than they’d planned on when they took out the short-term loan. But it’s mind-boggling how one predatory lender managed to squeeze money from borrowers through an automatic opt-in renewal program that turns a $300 loan into $975 worth of payments in only a few months. [More]

(Special Olympics Washington)

75K People Must Buy Raffle Tickets If Anyone’s Gonna Win This Dream House

Before you go setting your heart on a raffle prize, you should always read the fine print. Otherwise all your hopes might be in vain — and so will everyone else’s. To wit: In an exciting raffle benefiting Special Olympics athletes in Washington — very worthy cause, to be sure — the top prize is a gorgeous, $5 million lakeside house. But the only way anyone will win it? If the raffle sells at least 75,000 tickets. [More]

It’s Probably Best To Make Sure A Contest Is Still Running Before Spending Wads Of Cash To Win It

It’s Probably Best To Make Sure A Contest Is Still Running Before Spending Wads Of Cash To Win It

While dedication to the task before you is admirable, if that task is actually pointless the dedication can turn well, a bit sad. A man in the UK has earned not the prize of unlimited meals forever from his favorite chicken joint, but instead the pity of strangers after he realized the contest he spent a bunch of money on to win wasn’t even running anymore. [More]

(MoneyBlogNewz)

Comcast Lawsuit Shows Why Mandatory Binding Arbitration Is Just Plain Evil

I know, I know… lots of you hear a phrase like “mandatory binding arbitration” and your eyes gloss over and your mind drifts off like it did when your high school history teacher tried to teach you about the Monroe Doctrine or the Teapot Dome scandal. And that’s exactly how companies like Comcast — and AT&T, Time Warner Cable, American Express, Sony, Microsoft, eBay, and many, many others want you to react. But here’s a decent example of why you should give a hoot about having your rights taken away by a few words in a contract you can’t possibly alter. [More]