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Cash Claw - The PLA Blog

Archive for December, 2007

One Way Ticket to Our Blacklist

Tuesday, December 4th, 2007

The PLA does not, will not, and has never maintained a blacklist. But if we did have one, Rebecca Flippo would be the poster child for getting blacklisted.

Rebecca Flippo: Rebecca managed a payday loan store in Virginia and then spilled the beans on camera about proven predatory practices.

  • Rebecca says: Customers spend $3900 per year to borrow $500.
    The PLA Responds:
    Rebecca, you have tasted the sweetness of these profits. How can you say they are a bad thing?
  • Rebecca says: Payday lenders are friendly the first time. Then they show up where you work, at your house, and call your friends and family every day until you pay them back.
    The PLA Responds:
    Contacting your friends and family is how predatory lenders “build community.”
  • Rebecca says: Payday lending keeps people poor—and society pays the cost because payday customers are forced into using social services to get by.
    The PLA Responds:
    Let the free market take care of the poor; social services are unnecessary.

Rebecca, you are NOT on our blacklist. And neither is Martin Eakes, the founder of the Center for Responsible Lending, who somehow coerced you into betraying your predatory brothers and sisters by making this video.