My Ten Sense: Shame on Montel Williams for endorcing “bad credit loans”
Montel Williams received noteriety for his late 1980s tour, Mountain Get Out of My Way, that motivated teenagers to overcome obstacles, and he was rewarded with his own talk show, The Montel Williams Show, that ran from 1991 to 2008.
But now Montel is contributing to the demise of so many Americans by endorsing “bad credit loans” from Money Mutual in which consumers can borrow as much as $1,000 as long as they have a job making at least $800 a month. These short-term loans are also known as payday loans or cash advances. These are the worse loans you can possibly get, and Williams should be ashamed of himself for promoting them.
Next to the former talk show host’s face, Money Mutual ads state:
Need some additional cash?
Bad credit OK?
This is bad for several reasons.