The Forever Debt: Payday Loans & Predatory Lending | deep dive$

[@petrosidius]

i watched 2 videos by this guy and im ready to vote for him for congress

[@CamJames]

i'd never run, can't fake smile. that being said, the faith is appreciated

[@xelefonte]

Cam Jones is a serious journalist FUBU black people. You can’t sleep on him. This and the MLM scheme was very good.

[@Taltinus]

@@CamJames essentially thats what we need. Look at bernie or AOC, they dont smile much and when they do you know its forced.

[@RisoSystems]

He is too good for that bunch.

[@1stsummernites]

I live in 🇬🇧 & was thinking the same thing

[@Dragoon-zs8vm]

Most newer youtubers struggle with confidence at first but you have such natural charisma and command over the screen. Your content is also very high quality and genuinely informative as well. I truly wish you all the best.

[@CamJames]

Thank you! I'm actually not new to performing or making videos, that's part of the reason. Don't mind that everyone thinks I am though lol, really appreciate the compliments.

[@farmer0fhell]

Been shocked when I first saw that this guy only had 8k subs. Will for sure blow up in 2024 with all this quality content he keeps posting!

[@patrickjohnson9879]

I’m a New Yorker and lived in seven different neighborhoods. The payday loan providers were only ever in the poorer areas.

[@CamJames]

they know exactly what they're doing. even here in Atlanta the auto title loan spots get way more numerous in the poor parts of town

[@channell11]

You have to go to where your market is. People with means typically have much better loan options they can access when they need money.

[@Ishbikes]

Not saying it’s right, but as a business like that.. where would you go? Plus the leases for the store are cheaper. Same reason the liquor stores are in those areas

[@OffGridInvestor]

It has NOTHING to do with anything except being where your customers are. They aren't "targeted". They just STAY where the sales stay up. I worked for a place that decided to start another branch in another city. It was alright for about 2 years then started loosing 20,000-50,000 a month. After 2 years, they just had to close it. Didn't "target" anyone. Just couldn't get enough customers to stop losing so the headquarters decided to close it and we got a few orders from the other branches previous customers.

[@newagain9964]

Why y’all blame the lenders and not the business ppl owe that won’t provide a decent payment plan in first place??🧠🤦‍♂️

[@milkytapwater1686]

I live in a state which requires all high school seniors to take a financial literacy class where you learn the basic ins and outs of personal finance. there was a whole unit on alternative credit (pawn shops, payday loans, rent-to-own stores, etc.) and why to avoid it at all costs. unfortunately, not everyone has this advantage. great video Cam.

[@CamJames]

'preciate you. see, I didn't get that shit in Orlando. they didn't even mention it once. didn't happen in college either. what the hell are schools even teaching us

[@louisachalarca6494]

I love that! what should be simple solution

[@deans-rewind2882]

What state is that?

[@UpUpDnDnLtRtLtRtBAStart]

Geez. Mention the actual state why don’t you. 😞

[@UpUpDnDnLtRtLtRtBAStart]

@@deans-rewind2882exactly. I hate when responses leave out the most important piece of information in their comment.

[@AttorneyTom]

Cam this was a great video. My firm has sued some of these predatory pay day lenders. Their goal is to get you into a cycle of debt that you can’t get out of by using ridiculous interest rates.

[@CamJames]

thank you Tom! i appreciate an attorney's perspective and the work you do. i have no doubt that they've mathematically guaranteed most of these borrowers will drown in debt.

[@lowwastehighmelanin]

Doing the lord's work

[@turtleanton6539]

Yes

[@ih8867]

Hey Tom, I am interested to know what type of law specialty that is that you work in? I’m very interested as an L2 in doing law that concerns taking down nasty corporations.

[@Ameerah.G]

I did a payday loan early on when they first started. I was between jobs and had a vacation planned before I started the new job. They questioned me when I tried to pay it back 2 weeks later. They said most people let it roll over. I knew the interst was ridiculous. I paid it off and never did it again.

[@CamJames]

I bet it was company policy to question you about it too.

[@tomlxyz]

Did they try to make you roll it over? Or just ask questions?

[@dennisholliday2454]

I wonder if they would have questioned you if you were recording it/them

[@ericecho5118]

Wow. Unbelievable. They tried to make it seem like you were doing something “wrong” by paying them back too soon (by questioning you)?? They don’t mind being that obvious just wanting you to pay them massive interest for years to come.

[@Monday.x.Artists]

In a spot and had to do this. I don’t know how I feel about it

[@djjoshski]

As someone who been an investors for years gone to university and paid it off and blessed to be first in family to be a degree in finance. Poor or rich, Everyone hates bad debt no matter the socio-economic conditions. These companies need to be regulated 100%.

[@CamJames]

that's all we're asking for at the end of the day

[@SAVOTYB]

These companies get regulated, then proceed to find a loophole to continue doing business. It’s like a dog chasing it’s tail. Let’s not forget at the same time these companies are lobbying heavy to avoid regulations that would truly shut them down. Hell even the commissioner who’s supposed to be watching payday loan companies and making sure they’re moving legally turned out to be vice president of a large payday loan company. So how can you win against these people.

[@EddieAmbition]

The “investigative/exposé journalism” style is you bro. You bouta go crazy this year w this style 💯💯

[@CamJames]

grateful to have a dope audience!

[@liberalturnedconservative]

i work in the debt settlement industry everything youre saying is 100% correct. These companies are making more bank than ever

[@CamJames]

they're rolling

[@toddprater14]

Good and when people have to file bankruptcy screw them…I remember in Michigan they changed the law where you couldn’t “shop around” to all of them…meaning you couldn’t hit up all 3 of them at once…and you used to be able to get 1000 and it was cut back to 600(this was back in 2004) dunno if it’s more today..point being all these are isloansharks like the mob in the old days.

[@BS-jw7nf]

Borrow from banks at 2% and turn around and lend out at 200%. 🧠🧠

[@sabrinacarter6904]

So many people fall into this trap and it’s so hard to get out of it.

[@CamJames]

constantly, and they're all over the place

[@patrickjohnson9879]

@@CamJamesYou might find this report on credit scoring useful in your ongoing research. Great video! nationalfairhousing.org/wp-content/uploads/2017/04/NFHA-credit-scoring-paper-for-Suffolk-NCLC-symposium-submitted-to-Suffolk-Law.pdf

[@mrdiego4368]

“Being poor is expensive” privileged that I never had to deal with payday loans. I saw how easy for my roommates to need payday loans because they could not open credit card.

[@CamJames]

being poor is crazy expensive. been there

[@willytodd2750]

I didnt own a car or live on my own til i was 29. I have always been poor. You have to be stupid to get a payday loan. Can people not be stupid anymore?

[@tayzers69]

​@@willytodd2750obviously you have no compassion for other people but sometimes people have bills and other urgent expenses they cant afford if that helps you understand

[@OffGridInvestor]

​@@willytodd2750yeah. And this is the NUTSHELL of this. Bagging out Republicans because they give FREEDOM of choice to BE stupid. Like there should be NO options because they're all to stupid to resist the worst ones. The food deserts he's claiming? Wouldn't happen if the stores weren't robbed to BELOW profitability. Walmart recently moved out of one democrat run mainly black city because AFTER 16 YEARS they hadn't made ANY profit because they're constantly being robbed from. I'm sick of hearing how it's "discrimination" and payday loan centres "target" certain areas. No, they go to those areas because THAT'S WHERE the customers are. Because they wouldn't have ANY customers in rich white areas, except those who drove in from the nearest poor black areas. It's not discrimination but SIMPLE economics. They appear where the CUSTOMERS will use them. I have seen stores make wrong predictions, open up, and close after a year or 2. Literally happened with a big company I worked for. Losing 20,000 to 50,000 a month by being in a city. So they just closed it down. Just didn't have the customers there, or there was someone who had a bigger share of the market than we had.

[@Thebodfitness]

U can easily get a credit card through your bank. Unless u somehow already f*cked up your credit.

[@dragonetafireball]

Yeah my family drilled into me as a kid that it preferable to go without that to get into that type of debt.

[@CamJames]

your fam is smart. it's better to be broke

[@thatone5350]

The line "My credit was cheeks" made me instantly become a member.

[@CamJames]

it still makes me laugh lol, glad to have you!

[@205ken4]

I opened a title pawn business and after 5 months I closed the business & forgave all of my customers debts… I was only thinking about how profitable it would be but when it came down to it I just didn’t have it in me to do people that way

[@CamJames]

thank you for sharing this. first time i've heard from someone on the other side of the table. glad you had the fortitude to realize what you were doing

[@clarkclarke]

This would be a great interview with yiu both ....

[@redtsun67]

Seeing how my mom had to handle crippling debt, I have never taken out a loan that I could not pay back. Just the *idea* of borrowing a large chunk of money makes me nervous.

[@CamJames]

That'll do it. I had to learn the hard way via student loans and a car payment that loans are painful

[@turtleanton6539]

​@@CamJamesindeed they are😊

[@BewareTheLilyOfTheValley]

I can understand this but sadly, life isn't always so fair. I'm paying off a large car note due to being beteeen jobs when I needed a new vehicle (had JUST been hired by my new job when the old car died). A whole month and a half at a trusted mechanic couldn't revive it, so I sold it for a measely $400, as it was old and very busted. I'd been unemployed for three months beforehand, so I had to borrow $2K from my mom for the downpayment. This is absolutely nothing, so my car note is over $600. I love my car, but then life decided to kick me again by it being a Kia 😂. A year after I got it, the news broke about the TikTokers stealing Kia's and Hyundais so even if I wanted to sell my car, which I don't, it's a frickin paperweight. Kia did send me a letter though to have a cylinder block installed to make it harder to steal and I'll definitely take them up on that. My inurance has shot through the roof and a friend of my mom's who also has a Hyundai was flat out dropped by her car insurance due to the thefts. Again, I love my car, but this has been an unexpected added expense I couldn't forsee. I had intended to try to refinance the car in a few years, but I then stupidly tried to return to school. I thought I could get a PELL grant again, but nope. On paper, I make too much and I think I am too old. I'm not anyone's dependent. Didn't qualify for student loans, either, and the applications to try to apply did a number on my credit. They'll fall off in two years, but it set me back on when I can try to refinance. I've also made my peace with going back to school as I think at my current stage, my work experience will just have to speak for me more than a degree. I took one class and juggling work and that math course (my worst subject) was actually super difficult. Many a sleepless weekend trying to finish online quizes...

[@Scriptorsilentum]

same same. i would rather fix my old truck than buy a new one - it's just too much.

[@trentberry1019]

Another great one new school! I swear I’m very grateful to be able witness your rise, I believe you’re going to make a huge impact in our community with your videos, this is information we don’t get. You’re doing gods work homie!

[@CamJames]

man that's dope to hear for real. trying to keep it relevant and informative. thank you for the feedback!

[@trentberry1019]

@@CamJames & let me tell you you’re off to a great start. Never stop what you’re doing, I’m here to tell you there’s a very bright future for you in journalism.

[@brianfleming2474]

Late to the party but this is one hell of a video. Been in banking for more than 20 years and have seen this story play out way too many times and how these loans are a treadmill of debt at best and financial suicide at worst. I wish you were in every branch I ever worked in and talked to ever single customer who walked through the door. Fiscal literacy is such an important topic and we as a whole do such a piss poor job of educating the public about these pitfalls. Your message is even better than your production values and your production values are completely on point. Incredibly well done and the most sincere thank you some random dude on the internet can give. Keep up the great work.

[@CamJames]

never too late, thanks for watching. a very serious issue that needed to be touched on

[@CamJames]

thanks for the compliments too, i really appreciate it

[@noblewhitneyIII]

A title loan spot got me when I was down back after tech. Repo’d my car when I just need extra money for my baby girl. Great video brother

[@CamJames]

damn, sorry to hear that bro. had a lot of car problems myself but never a repo. Glad I could help shine light on it

[@Grayox]

Phenomenal content, love watching your video essays improve with each release, and seeing you cover such important societal issues. Cant wait to see where your channel goes from here.

[@CamJames]

always improving, thanks!

[@BoxedUpAndShaken]

It is really impressive to see how quickly you are improving. This one got me to subscribe and send it to the fam. @@CamJames

[@CamJames]

@@BoxedUpAndShakenreally appreciate that!

[@jonnie6224]

I was stuck in payday loans when I was in college. And my step daughter loss a car to a title loan. Great video.

[@CamJames]

Wow, these hit real close to home for you. They do so much damage

[@JustMe-dn9fh]

So. Explain how she actually lose tge car? They take it after one or two missed payments? Or do these vultures give you time to pay, before snatching your property?

[@jtechgaming9638]

@@JustMe-dn9fhthey take it 30 days after the missed payment or sometimes sooner

[@NRE56]

Something to add to the stop payment point- MAKE SURE YOU TELL THEM TO DO A STOP PAYMENT FOR THAT SPECIFIC COMPANY. Stop Payments are NOT guaranteed and they WILL change the amount on you and might even change their company ID. An equally useful tool is to open a new checking account on your current account and close the old one completely.

[@CamJames]

Great tip!

[@NRE56]

Love your content man! Hoping you get even more success this year!!!

[@CamJames]

that's really kind of you, i hope y'all like what i do this year 🫶🏾

[@themind-sw3rh]

@NRE56 you are on point my boi ! 💪🏾

[@NRE56]

@@themind-sw3rh I’m tryin man- seen tooooo many people get screwed over by these companies. They know all the tricks n shit so if I can even the playing field I damn sure will

[@CamJames]

Y'all ever dealt with a high-interest loan? join the club. Ps. somebody give Saweetie my number, i think i can save her.

[@bisonchicka]

😂😂😂😂😂 I can hear her now: “That’s my type!”

[@trentberry1019]

I can help you save her if need it! 🤣🤣🤣

[@CamJames]

@@trentberry1019 teamwork makes the dream work 🤝

[@CamJames]

@@bisonchicka i'm already annoyed lol

[@InappropriateShorts]

“🎼dont save her she dont wanna be saved🎼” -project pat

[@flyingtypetrainer4072]

I had no idea loans were this bad...ugh. Painful stuff but really important. Great video!

[@CamJames]

thank you, glad i could help inform

[@bucanonhaley]

I like the lane you’ve chosen. Keep shining your light on similar topics

[@CamJames]

That's the plan!

[@notcesr7136]

Second video I’ve watched from you. These deep dives are great, none of the defeatist “society is doomed” rhetoric, all useful information and actionable advice to not get caught up and make things better. It’s clear you’re going to get big on this platform.

[@CamJames]

with your support, it's inevitable

[@gsignaturemessage]

Man i was trapped with them in my early 20's when i was paycheck to paycheck. I paid them off in my tax return and never looked back

[@addictcar69]

Ah so your stupid bc you decided to trap yourself 😅😅😅😅

[@mangoenjoyer256]

This channel's gonna blow up. Awesome content, looking forward to more

[@CamJames]

'Preciate it! The enthusiastic support has been amazing and I'm trying to deserve it

[@MorganAndrew-Morganson-nu5oc]

I've definitely seen a lot of payday lenders in Detroit--it's big business here, sadly. Everything you've said is spot-on.

[@CamJames]

super unfortunate, especially in Detroit of all places

[@briennaij]

Here in Jersey the Payday Loans aren't legal in New Jersey...but the predatory Check Cashing places are. Would love to see you do a video on them too!

[@CamJames]

I have no doubt I'll have to revisit this topic at some point, thanks for watching!

[@jeffreycone7504]

Someone stole a check from me and cashed it. I put a stop payment on it.

[@EssenceBScott]

As a fellow Jerseyan (used to live in Mercer County), the predatory check cashing places are INSANE. The pawn shops are rocking (at least in Trenton in 2019) too. I used to use pawn shops when I was with my gambler boyfriend later fiancé now ex. That shit is crazy. I now live in NC, in a good relationship, and have not had to pawn my laptop in nearly 5 years. So glad. But you are not wrong. These people are all through Trenton. Ugh.

[@sethjacobs9036]

Literally the first ad on this vid i got was for a no credit check money lending app, shit ridiculous, keep up the great videos man 🔥people need to know

[@CamJames]

always ☀️

[@Serioslump]

You have a real skill for making KZbin videos. You come across very confident and charismatic.

[@CamJames]

thank you for letting me know, sometimes creators have no idea how they're gonna be perceived lol. we just try our best

[@shwnc]

I used to work at different credit unions and working with folks in this situation is the most depressing shit. It happens in tons of ways, but these companies print money off of people’s hard times, short sightedness, or ignorance.

[@CamJames]

smh i can't even imagine having to work in this field every day. Glad ppl are helping though

[@blessyo4]

got a weirld feeling that this channel will blow up like caleb hammer's did. im not even american--- just fascinated by no bs finance content. subbed!

[@CamJames]

here's hoping ppl connect to what i have to say, thank u for the faith 🥂

[@LiveYourBestLife-Ever]

I saw your video about the pyramid schemes and I knew this channel was special. Now I find out that you grew up the sample place I did… I lived down the street from the Petro truck stop, on the same street as the Blue Flame (used to be called Dogwood). Mad respect bro, I’ll be subscribing.

[@CamJames]

Yeah man, most of my adulthood in Atlanta and Orlando before that. Lots of states before that, military kid

[@spacedisco612]

This is the information people NEED! Straightforward, honest and entertaining, look forward to your next video

[@CamJames]

Much appreciated!

[@SouthernsoulD]

I’m in the finance industry. I had a client some years ago who owned a several buy/here pay/here car lots and a pay day loan business. The car lots alone brought in seven (7) figures a couple times per month! His pay day loan business was bringing in six (6) figures consistently, usually between $100k and $200k. Ironically my client actually hated both businesses and eventually sold both. Do your research on buy here pay here car lots and do a video on them. It’s wicked!

[@CamJames]

those numbers are crazy smh

[@resmarted]

Wow I should start a payday loan company

[@SouthernsoulD]

@@resmarted requires a lot of capital!

[@alexcuevas5633]

@@resmarted you have no morals if you do

[@renee2658]

The way I had to scrape my jaw off the floor after hearing you say interest rates were as high as 739% There is no way that should be legal, I'm going to look into how I can help change this in my state. Great video!

[@CamJames]

thank you, music to my ears. it really is shocking when you dig into it. they're using us as money printers.

[@wazza-au]

I loved the bank voice-overs. Quality video mate.

[@CamJames]

i love doing voiceovers lol, it ain't over. thank you!

[@actionjack4096]

I don't watch most people's videos but WOW, this is my second one and I'm hooked. KEEP UP THE GOOD WORK.....

[@CamJames]

thank you for real, will do!

[@Seweveryday_]

Seriously while watching this, a financial scam commercial came up as an ad!🤦🏾‍♀️ The youtube algorithm directed me to you and i’m so glad it did! Such good knowledge being shared here. Keep going; I love it!

[@CamJames]

that's the wild thing about running a finance series, they'll still advertise on my videos...which i see as a good thing, bc they're wasting their money on my audience as I educate them. thank you, i will!

[@dubjeezee]

Man, when these things started up in VA like 20 years ago I got caught in the loop for years. It's brutal.

[@CamJames]

very. glad you made it out

[@debrahardy8487]

Great video! Really highlighting the ways that poverty is systemic.

[@CamJames]

it's all a setup man, the research really makes you depressed sometimes. thanks for being a part of this!

[@Steph-xf7bc]

This one needs a part 2 and 3 !! Great job! ✊🏼 now I need to check some of your tracks out too!!

[@CamJames]

aye thank you fam, tryin' my best outchea

[@NRE56]

I’m so glad to see this out here man, payday loans absolutely fucking ruin people. I’m happy to be a part of an institution that directly fights those awful payday loan places and we do as much as we can to get people out of those spots. This needs to be seen by as many people as possible

[@CamJames]

hell yeah, thank you for doing what you do!

[@toi3761]

Just subbed. I’m learning so much! Your content is so refreshing. Feels like I’m watching HBO/Netflix or something. The editing is amazing!!! Your music included throughout is dope!!! Your channel is about to blow up and I see you being an investigative journalist on TV in the future. I pray someone like Issa Rae sees this. You need your own network show. 🙌🏾

[@CamJames]

I'm 'bout to cry in the car. Lmao what a nice thing to say. I really hope i can achieve even half of that.

[@gheefreak]

Stoked to watch this. Your first deep dive was interesting as hell.

[@CamJames]

can't wait to get your feedback

[@Antoniorafaelr]

Just found you on my explore page. Watched 3 videos. I’m subbed for the journey. Went through a title loan myself and I gotta say, this video is 100% spot on. You should add in a future video that some banks and even credit unions can buy you out of your payday or title loans to help you avoid paying the ridiculous interest

[@CamJames]

thanks for watching and for the suggestion. welcome 🥂

[@mariopot789]

Another great video fam, keep going, this isn't just informative but you could be helping someone just etering the real world avoid years of crippling debt , you're doing a great service and we all appreciate your work .

[@CamJames]

no doubt, my goal has been to use my talents to help people and discuss topics in a new way. I appreciate y'all watching!

[@barretthurd6672]

They dont lobby to "convice" congressmen and reps that they belong in the economy. They pay them money to not do anything to regulate their practices. Them being outlawed in a state is a legit miracle. Love these videos you're making. Keep it up man.

[@HacksawJimThuggin]

A few things I learned over my 47 years.. 1. Don't buy things you can't afford!! 2. Know the difference between needs and wants! You need shelter, you "want" the new iphone". 3. The easiet way to increase your income is to get our of debt. 4. Have an emergency fund!!!! this prevents you from needing to borrow money. 5. Read tips 1-4 again!

[@eoinoconnell185]

Stop talking sense. The problem is the Payday Loans, not the morons who spend $$$ on dumb shit then have to borrow.

[@marcelrobinson]

1. Okay a majority of people already don’t do that. 2. People using payday loans are using them because for their needs (i.e. rent, bills, gas) 3. Easier said than done when most companies are putting a majority of the monthly payments towards the interest instead of the principal balance. 4. You need to have leftover money in order to do that. 5. Actually have realistic solutions, not boomer shit that your grandpa says, who probably thinks candy still cost a penny.

[@HacksawJimThuggin]

@@marcelrobinson not buying things you can't afford or don't need, thus staying out of debt is boomer shit? You guys are hopeless. Good luck to you sir🤞🏾

[@marcelrobinson]

@@HacksawJimThuggin very few people are taking out these types of loans to satisfy their wants. Nobody is utilizing payday loans to buy the new iPhone. That frame of thinking is the boomer shit I’m talking about.

[@HacksawJimThuggin]

@@marcelrobinson they aren't taking them to buy iPhones, but because they bought an iPhone, Yeezys, LV and other ish, now they don't have enough to pay the rent or other important shit. I know plenty of people who do this dumb ish.

[@luse9031]

KZbin popped this up into my feed and so glad they did! Subscribed by the end of the first video and am binge watching the rest!

[@CamJames]

thank you for watching! really appreciate the support

[@androidsheep]

Great video! If someone is poor, one of the best tools they can utilize is a credit union.

[@CamJames]

Absolutely, thank you for watching!

[@kyrabarr2846]

Can you share the importance of credit unions that would be lovely. Thank you!

[@androidsheep]

@@kyrabarr2846 Credit Unions are more forgiving to new credit users, and credit users with dings (late payments, past bankruptcies, high debt to income utilization) then the major banks. They offer overdraft protection for no, or a very minimal fee. Almost all credit unions offer credit builder programs - these can be a loan attached to a CD account that you pay on for a year or more, where as you make payments, that amount is released from the CD account, or quick / emergency loans - my primary credit union will loan $1-2k within about 30 minutes on a business day, up to 2x a year, without a credit check, and for a very low interest rate. My credit union also offers zero down mortgages with no private mortgage insurance or points, in select states - for the same conventional mortgage rate. Instead they require you to maintain a small reserve in an account, in case a major repair happens after purchase. They also take a more holistic approach to mortgages, personal, and auto loans. Some of them have great credit card offerings like PenFed, NavyFed, and DCU - and you don't have to live locally to them. I would sign up on the myfico forum for free, and have a poke around.

[@4thfugee]

I appreciate the break down. Easy to follow and thanks for providing a solution. Most KZbinrs talk about the issue but do not talk about any solution. Dope video keep em coming.

[@CamJames]

no doubt, i wanna make sure i'm not on here being negative all day. will do bro

[@bleeploughly6311]

My parents got caught in this trap when I was in middle/high school. We almost got evicted. It was rough.

[@CamJames]

sorry to hear you had to experience that, and glad you survived. It's wild how deep the spiral can go for some.

[@MacInTheBox]

Aye man I hope this gets to you but over the past few years I've lost a lot of my empathy and watching your videos is bringing it back. I started to believe that we're solely responsible for our successes and failures but it's so much deeper than that and we might not have as much control as we'd like to believe we think we do.

[@CamJames]

bro this is one of the best comments i've ever gotten. thank you for letting me know this, it moved me. my sole goal is to leave y'all caring a little more about victims and trying to empathize.

[@andrewpagan]

A straight forward, high quality video. KEEP THEM COMING

[@CamJames]

yessir, thank u!

[@PrincessDianaJ]

Brother speaking on topics we need to be informed on .. but with swag

[@jakestephenson7966]

Best editing ever. The video is amazing. please keep making videos, im hooked. Also I didn't know that when paying off loans you are paying the payments off first. Makes sense that if the payments hurt you, you're cooked. Keep uploading and you gonna be at 1m subs by the end of the year

[@CamJames]

yeah it's the interest that gets you, you're always fighting a losing battle once those interest payments get too high. I got to a point with my student loans where i couldn't even pay the interest smh

[@CamJames]

And the compliments are tremendous, thank you. Trying my best to deserve it

[@josh24441]

I used to work a long time ago in the back room of a pretty well known payday advance place. And I can tell you that they absolutely pick and choose the neighborhoods they open their stores. They’re looking at high crime and low wealth (usually the aim for the black and the Mexican neighborhoods). And that 10% law, trust me, there’s loopholes around that. Most just simply call it something different. It’s not “loans” anymore. It’s “payday advancing”.

[@CamJames]

yeah, when you look at the numbers it becomes very obvious. this is targeting.

[@gxlbiscuit]

Keep GOIN!!!

[@CamJames]

always!

[@gxlbiscuit]

Also I’m in Tulsa*

[@CamJames]

🤝🏾🤝🏾

[@phantomjake2000]

I swear you videos are dope can't wait to see you blow up. As someone who had a mother with an addiction growing up I know first hand how dangerous these types of loans are. My family spent years escaping these types of debts

[@CamJames]

thank u boss. hearing about these families stuck in the spiral was a trigger for sure

[@Dogcitydisco]

Good on you for doing a piece on this

[@CamJames]

thank you for watching bro!

[@brandonjacobs5452]

crazy this popped up on my suggested. I'm a student at emory writing my thesis on payday lending substitutes. Great video, glad people are paying attention

[@CamJames]

very nice, glad that work is being done!

[@smurfmuncher]

Loved this, keep up the great work ❤

[@CamJames]

Thank you, def will do!

[@Itsme_jennessy]

This was great! Hella informative and I love how you really got into your investigation bag. Keep it going!! Proud of you 👏🏾

[@CamJames]

good looks fam, thank you for watching more of my series and for the dope feedback!

[@mattmatt7998]

I use to work for T-Max. A lot of ppl were on my Call List 😂 plus, I've had MANY pay-day loans. I've paid them all except one that went into collections/default. But yeah shit is REAL MAYNE 💯💯💯💯

[@CamJames]

collections is no joke at all, i spent the last year cleaning up my credit history and paying down debts

[@mattmatt7998]

@CamJames the feeling of being debt free is truly a good feeling. Good Stuff Bro ! 💸💸💸

[@corbanbrauer6820]

Driving through neighborhoods in my town (TN) over the past decade it was easy to tell which ones were becoming gentrified and which ones were becoming disenfranchised based on payday loan locations opening or closing. It's awful and needs to be abolished with services put in place to help the folks who are in the desperate situations where they feel like they need to go to these predatory "companies".

[@CamJames]

hit the nail on the head, that's exactly what we need

[@jumper9108]

How tf can a state ban an interest rate? Lmao that’s insane

[@HerroEverynyan]

Can't wait for more videos from you. You're so real compared to most. It's so refreshing.

[@CamJames]

i got you real soon, I appreciate the support 🫡

[@mattv821]

Dude. You are the real deal. Your videos are clear, informative, and entertaining. Your attention to detail is spot on, and you have a captivating voice and energy. The KZbin algorithm better do it’s work, because you’re it man. Thank you for blessing my life with this content.

[@CamJames]

wow, i'm blown away any time i get such a positive response to my work. much appreciated, this is what i do it for

[@DezIsWhatsUp]

This work you put in is not going unnoticed🙏🏽

[@CamJames]

much appreciated 🥂

[@DrCassie-Psy]

I've had 1 payday loan in my entire life. I paid it back in a week. The lady was actually mad because I paid it back in full. She said most people just make the recommended payment and let it roll over. She had the nerve to ask me “are you sure you don't want to let it roll over?” I politely said no thank you. She snatched my money out of my hand and then try to refuse to give me my receipt. To this day I believe she was going to pocket that $1500 and still have me owing the payday loan company

[@CamJames]

smh damn. i believe that completely, the interest is what keeps them going

[@JScott-hm7ey]

Interest rates that would shame the most corrupt banker. Finance/Home ec needs to be a required class again before you get out of school. Great video Cam.

[@Hellcat_Jack]

My brother, thank you for what you’re doing!

[@CamJames]

of course, thank you for supporting!

[@grcindlelatte]

Brother you're on the come up, keep posting. Love from a law student! You do a great job here.

[@CamJames]

doing my best to keep going, preciate that

[@rennardish]

I'm watching your videos from Singapore and you definitely have a talent for this. I hope you'll always stay true to making quality videos that educate people!

[@CamJames]

always will, love from Atlanta!

[@tenhundredlies3442]

Man, so real you are like a breath of fresh air and I appreciate what you do !

[@breejordan8086]

Love love LOVE the direction on these videos. You're doing the lord's work, man

[@CamJames]

thanks Bree! it definitely helps when the work is necessary

[@cinemabaroque]

You're spot on and I do really like that you realistically tell people what to do to change it at the end.

[@mustangnawt1]

I appreciate you actually caring about other people. Covering things in depth that are so detrimental to be unaware of. Had never considered b4 that a job search and scamming held any connection. Good lookin out. New sub

[@CamJames]

no problem at all. here to make an impact

[@GLopez-f2w]

Hey, poor person here. I took out a loan recently due to my car being repossessed. No one would lend to me because I destroyed my credit years ago. I got $400 and each payday, these Native American loansharks got me for $120. I’ve paid $1000 on a $400 loan and it ain’t even over. When you think it’s bad it can get so much worse. Especially in these markets that operate outside the norms of even state/federal norms and regulations.

[@CamJames]

The concept of owing three times more than your principal (or way more) blows my mind and I've experienced it before, so I know that pain. The roughest markets make it really hard to survive the debt spiral and credit runs every aspect of our lives unfortunately

[@RisoSystems]

Thank you for the Deep Dive videos. I hope your audience keeps growing.

[@CamJames]

much appreciated, thank you for watching them

[@killaship]

I've watched a few of these video essays and I love them put together super well, I love the topics, keep it up

[@CamJames]

really appreciate you watching

[@greenockscatman]

I have to say this is by far the most solid channel I have had the fortune to stumble across today! Production, music, editing, everything is on point.

[@CamJames]

thank you for real, amazing to hear that so early on

[@5teven_]

These videos are so well done the beats during introduction of states were fire too

[@CamJames]

ayee glad you enjoyed it fam!

[@natethegamer12345]

Just watched your FUBU scams video and now this one, you're definitely onto something here. Love this sort of content, I just subscribed and I look forward to the next video you put out!

[@CamJames]

thanks for watching Nate! i have a surprise for you in 20 minutes lol

[@richardalcorn2576]

Hell yeah been waiting for this to drop.

[@CamJames]

i aim to please fam

[@MagnoliaStreetTV]

Glad I found your channel. I'm loving these deep dives man. Keep them coming!

[@CamJames]

yessir, back soon 🥂

[@ryanburras]

Keep educating. Enjoy your content.

[@CamJames]

will do for sure 🥂

[@micah3k]

can’t believe you got another vid out already lmao !! really appreciate how you add subtitles to your videos btw

[@CamJames]

i was working overtime lol, had to get past the sophomore slump. Thanks, I spend a lot of time on them to get them dialed in!

[@lucasmoreno9848]

You're a great researcher, can't wait for more essays

[@CamJames]

the research is a lot lol, but i love the end result

[@lucasmoreno9848]

@@CamJames your music is dope too! great topic choices so far

[@CamJames]

thank you! back this week

[@-Evil-Genius-]

🎯 Key Takeaways for quick navigation: 00:05 💰 *Introduction to Personal Loans* - Personal experiences with loans, including student loans and high-interest rates. - Acknowledgment of the challenges faced by those less fortunate, especially during a recession. 01:12 🏚️ *Payday and Title Loan Experiences* - Narrator's experience living in a neighborhood with payday and title loan spots. - Explanation of payday and title loans, their accessibility, and high APR. - Highlighting the impact of these loans on low-income borrowers. 02:48 🚨 *Deceptive Practices of TitleMax* - Exposes TitleMax's deceptive practices. - Shares a personal account of TitleMax misleading customers about title loans. - Emphasizes the unethical repossessions of vehicles. 03:44 🌐 *Payday Loan Legality and Violations* - Addresses the illegality of payday loans in Georgia and related violations. - Provides examples of fines and penalties faced by TitleMax for violating laws. - Discusses the ongoing issue of illegal payday loans despite regulations. 05:49 💸 *Payday Loans in Different States* - Examines the legality and high-interest rates of payday loans in Florida. - Highlights the online approval process and exorbitant rates in Texas. - Illustrates the financial consequences of payday loans with a real-money example. 07:42 🔄 *Consequences of Loan Defaults* - Describes the consequences of defaulting on payday and auto title loans. - Presents the impact on credit, employability, and living conditions. - Stresses the difficulties faced by families, especially those with children. 08:36 💔 *Economic Impact of Payday Loans in Texas* - Shares data on the economic impact of payday loans in Texas. - Highlights the loss in gross product and personal income due to payday loans. - Emphasizes the disproportionate effect on Black and Latino populations. 09:30 🤑 *PPP Funds and Loan Practices* - Reveals how loan businesses received PPP funds during the pandemic. - Criticizes the irony of providing loans with high APRs after receiving government aid. - Narrator's personal experience observing people spending stimulus checks. 11:28 🤯 *Delusional Defenses of Loan Companies* - Critiques the defensive statements of Wells Fargo and Amegy Bank spokespersons. - Exposes the lack of ethical considerations in supporting organizations like FirstCash. - Draws connections between loan sharking and historical discriminatory practices. 13:37 🔀 *Reverse Redlining and Targeting* - Defines reverse redlining and how lending institutions target disadvantaged communities. - Links historical practices like redlining to the creation of food deserts. - Exposes the discriminatory targeting of Black and Latino populations by loan businesses. 14:30 🔄 *Addressing Loan Targeting* - Advocates for awareness and action against predatory loan practices. - Provides tips on avoiding debt traps and dealing with existing loans responsibly. - Acknowledges the need for public awareness and potential collective action. Made with HARPA AI

[@CamJames]

i'm honored to get such detailed spam

[@-Evil-Genius-]

@@CamJames Spam? Nah. Quick breakdown for people. Comments mentioning the correct keywords are good for the algorithm. If you had 100s of comments that mentioned "poverty tax" you'd be the top result for that term.

[@CamJames]

spam does have a negative connotation, you're right. i appreciate the effort

[@-Evil-Genius-]

@@CamJames Hope you didn't take any offense. Love your videos, man. Great commentary and topic choices. I share them on all of my social media.

[@prl08]

Really liking this series. I love these type of deep dive videos and it’s great to see one by a knowledgeable black creator that’s well made.

[@jamesc6872]

Your latest videos are excellent! Love to see knowledge being shared. Can’t wait to see more.

[@CamJames]

really glad I'm connecting with y'all, will do 🥂

[@OscenVT]

This was so informative. I drive past these places sometimes and just never knew what their deal was.

[@mariancounsellor]

Payday loans are the absolute worst! I had a few many years ago and regretted it. The solution is always to try to have emergency savings.

[@klein2252]

Financed my furniture at a payday place offering 1 year same as cash. About 3 months in I started losing sleep. Paid it off in full. $2500 balance would have jumped to $3900 if I was late. Here’s the thing though, I put it on auto pay… but from the time I made the first payment to the time I made the last payment was AFTER THE DEADLINE. They set me up to fail from the start! Never again.

[@CamJames]

lol that's how they get you. anything they can do to keep you in the payment loop longer

[@2CWILKES]

Another great one!! Keep it up. What about a piece on celebrity endorsements for things that might not be good for people. When I saw that McDonalds...that part. Lol!!

[@CamJames]

i definitely might have to shine a light on them. thank you!

[@2CWILKES]

Indeed!

[@lillonerboi504]

Phenomenal content so far, I think you’re doing genuinely important work with these videos giving people some insight into the behind the scenes of shady financial groups and their practices. People say it all the time but you are the prime example of why this should be taught as you’re growing up. Keep on giving the advice you give and keep at it!

[@CamJames]

this is dope feedback. really appreciate the encouragement and definitely will do!

[@elizabethyow1165]

Thanks!

[@CamJames]

thank you!