Anonymous
Anonymous asked in Politics & GovernmentLaw & Ethics · 2 months ago

In the southern states, how is gambling illegal but payday loans and title loans are legal? Isn't it still a form of robbery?

5 Answers

Relevance
  • Archer
    Lv 7
    2 months ago

    One chooses to use a service so it isn't robbery. Gambling is chance and can be an addiction.

  • xyzzy
    Lv 7
    2 months ago

    There are casinos in Alabama, Mississippi, Louisiana, Arkansas, and Florida> And as far as I know all Southern states have a state lottery.What is illegal about payday loans and or title loans?  There is no difference between a title loan and any other pawn. To prevent usury  some jurisdictions limit the annual percentage rate (APR) that any lender, including payday lenders, can charge.

  • 2 months ago

    Some forms of gambling is legal in Kentucky, Louisiana, Mississippi and Florida.  Payday loans are completely legal.  The consumer misuses them to make them seem like robbery (loan sharking).

  • Anonymous
    2 months ago

    How is it robbery when people sign a contract?

  • How do you think about the answers? You can sign in to vote the answer.
  • 2 months ago

    Borrowing money and paying it back with legally-allowed interest, when you KNOW IN ADVANCE that you have to pay the money back with interest, is robbery how?

    I learned something very early. Watch what the stupid people do and then, don't do it.  Idiots use payday loans as a crutch when they have no discipline to manage their affairs.  Title loans, where you put up a piece of property as collateral - how is THAT robbery?  A mortgage to buy a house is a form of title loan. Don't repay the loan and lose the property you put up as collateral.

    Again, watch what the stupid people do......

Still have questions? Get your answers by asking now.