tag:blogger.com,1999:blog-32858026.post7763165181031995513..comments2021-01-30T03:50:43.034-05:00Comments on earth as it is in heaven: Banks Sucker Punch Military FamiliesMike Broadwayhttp://www.blogger.com/profile/11777637165653734261noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-32858026.post-42586502434690029142011-02-11T19:25:07.466-05:002011-02-11T19:25:07.466-05:00While never having been deployed abroad, I can spe...While never having been deployed abroad, I can speak to the predatory lending of payday loan companies, which I am shocked to find are still in business. Recent basic training graduates are frequently 18 to 19 and for the first time living away from home without parents to help with budgeting or finances. These pay day loan companies got me in a lot of trouble at my first duty station as I tried to find my way. At the outrageous interest rate they charge, if you fall behind at all you are in big trouble. Doubly difficult for me was my security clearance, which immediately was in danger if I was ever deemed a financial risk.<br />While I am pleased to see that Bank of America has extended the grace period on loans, I would encourage additional attention be paid to pay day lenders since the interest rate they charge is so astronomical.Shaun Harrnoreply@blogger.com