Pretty Penny Loan Advertisement on Neighbourly
There has been a sponsored post on Neighbourly recently advertising a company called Pretty Penny Loans. According to their website, they specialize in short term loans up to $500, and charge 1% per day. In addition to this 365% annual interest rate, they charge a $64 loan origination fee as well as a $24 account set up fee. So if you borrowed $100 for a single day, your would owe them $189.
This is predatory behavior, similar to mafia loan sharking. I am saddened that a website that is supposed to promote positive neighbourhoods would stoop to advertising a company that hurts the most vulnerable people.
If Neighbourly continues to be unneighbourly by continuing to promote shady businesses such as this one, I will deactivate my account and strongly recommend to all of my friends to follow suit.
Accepting advertising from companies such as Pretty Penny is against the primary values put forward by Neighbourly (promote strong and vibrant neighbourhoods).
Best regards,
Joe
Poll: Should the government levy industries that contribute to financial hardship?
As reported in the Post, there’s a $30 million funding gap in financial mentoring. This has led to services closing and mentors stepping in unpaid just to keep helping people in need 🪙💰🪙
One proposed solution? Small levies on industries that profit from financial hardship — like banks, casinos, and similar companies.
So we want to hear what you think:
Should the government ask these industries to contribute?
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53.8% Yes, supporting people is important!
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27.7% No, individuals should take responsibility
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18.5% ... It is complicated
A Neighbourly Riddle! Don’t Overthink It… Or Do?😜
Do you think you know the answer? Simply 'Like' this post if you know the answer and the big reveal will be posted in the comments at 2pm on the day!
If you multiply this number by any other number, the answer will always be the same. What number is this?
Recommendations for a plumber
Hi, I need a plumber to replace the cartridge in our underbench filter. Need an approx price as last one charged a very big fee for 10 minutes wok. Thanks
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