Payday 2 Google Drive
Alexandrie Gallup
In the 31 states that allow for single-payment and payday installment loans, these loans drain more than $2.2 billion in fees each year from borrowers who have an average annual income of approximately $25,000. Car-title loans drain more than $700 million in fees annually from people in 17 states. Together, these predatory loan products drain nearly $3 billion annually.
For payday lenders to maintain profitability, reborrowing is a central feature in the payday lending industry. In states without protections, such as California, more than half of loans go to borrowers with five or more loans a year. Further, according to the Consumer Financial Protection Bureau (CFPB), 75% of all payday loan fees are generated from borrowers with more than 10 loans a year.
Despite the fact that there are limited state-level data available for car-title lenders, researchers have found that the typical car-title loan is refinanced eight times. Car-title loans extract twice as much in fees as credit extended as a result. In addition to car-title loans having high reborrowing rates, in states that report data on vehicle repossessions, the share of car-title loans that lead to vehicle repossession is alarming. In California (one of the few states that reports on car-title lending), 33% of car-title loans result in the repossession of a vehicle. For many people, a car is a critical asset enabling them to go to work, attend medical appointments, and drive their children to school. Car-title loans are too often a debt trap that not only places an onerous financial burden on their borrowers but also can threaten their livelihoods.
Millions of Americans continue to experience financial precarity, and this report illustrates how payday and car-title lending extract financial resources from communities across the United States. Instead of cultivating greater economic opportunity and allowing families to sufficiently build wealth, payday loan storefronts have a history of locating in communities of color and rely on repeat borrowing to fuel their business model. The debt trap drives the fee drain.
Drivable vehicles are a gameplay mechanic added in Update #60 together with the Car Shop heist. Vehicles allow you to move around the map faster, carry heavy loot easier and sometimes even count as loot themselves.
Vehicular handling in PAYDAY 2 is arcadish, pretty much straightforward and similar to most driving mechanics in other less realistic (driving) videogames. There are several different drivable vehicles in the game, each with its own loot capacity, speed limit and passenger count. Players carrying loot cannot ride in a vehicle or attempt to drive it.
When commandeered, nearby enemies will treat a vehicle as if it is a player, and will attack accordingly. Taking too much damage will render a vehicle broken, and any passengers along with the driver are instantly ejected from it. Broken vehicles have to be repaired before they can be used again, requiring several areas on the vehicle, marked with wrench icons, to be interacted with. Vehicles cannot be damaged when vacant.
Most vehicles also allow certain passengers to shoot out from. What passengers can shoot from the vehicle varies from vehicle to vehicle, from the Longfellow only allowing the front passenger to shoot, to the Moving Truck allowing all of its passengers to shoot. In the case of both cars and the Falcogini, the front passenger has to lean out of the window to shoot, by pressing the crouch button (by default).
All cars can be used to ram and run over enemies, killing them instantly (excluding the SWAT Van Turret special enemy), making this an effective means to deal with tough specials like the Bulldozer for example. The vehicle(s) in question doesn't even need to run over an enemy to kill them, merely and even slowly sometimes, pressing against them would be enough to do the trick.
The PAYDAY equivalent of the Lamborghini Gallardo: Falcoginis are fast, expensive cars. They are drivable in the Car Shop heist, and appear as decorative elements which cannot be driven in Big Oil Day 2, Mallcrasher, Diamond Store, Transport: Park, Hoxton Breakout, Golden Grin Casino, Scarface Mansion, Reservoir Dogs Heist Day 1, and on advertisements throughout DC.
This muscle car was originally named the "Stallion" before being renamed to the Longfellow. It is a fast car that allows for quick transportation of loot in the Meltdown heist. According to Vlad, the Longfellow used to belong to Muammar Gaddafi before being seized by Murkywater.
Becoming drivable with the release of the Meltdown heist, the Forklift is a handy but slow vehicle that can move around several lootbags at once. In The Alesso Heist, its forks are occupied by a stack of cardboard boxes, preventing the Forklift from being used as loot transportation. The Forklift returns in Dragon Heist, where its forks are used to gain access to the warehouse if the heist goes loud. After using its forks, the Forklift breaks and becomes undrivable.
Like the Falcogini, the Forklift appears in heists as non-drivable decorative elements, in Big Oil Day 1, Street Escape, Transport: Train Heist, Election Day Day 1 and Day 2 Plan A/B, Shadow Raid, White Xmas, The Bomb: Dockyard, Beneath the Mountain, Murky Station, Get the Coke Day 2, and Henry's Rock. In Election Day, the forklifts can be used to create guard-distracting noise, but can't be used after either a guard turns it off, or the alarm is raised.
The Moving Truck in the Aftershock heist is a vehicle used to move Vlad's weapon safes. It can hold as many safes as present in the heist, up to 12 on Mayhem and above, though its scripted capacity is much higher.
The Blackhawk helicopter appears at the end of the Beneath the Mountain heist, as the escape vehicle, driven by Vernon Locke. In The White House heist, the heist begins with Locke flying the crew into the front lawn of the White House with the Blackhawk, the players sitting inside and watching the scenery fly by.
The Bike is a fast, drivable motorcycle at the end of The Biker Heist Day 1. There are 3 available for the crew, leaving one for Rust's Bike. It also appears as a static prop in Big Oil Day 1, Street Escape, Election Day Day 2 Plan A/B, Santa's Workshop, Get the Coke Day 2, and Reservoir Dogs Heist Day 2.
Rust's Bike is a unique version of the Bike in The Biker Heist Day 1, obviously belonging to the former Overkill MC biker himself. Unlike the other three motorcycles, Rust's Bike must be taken to the escape zone to complete the heist.
While short-term lending in general has a pretty rough reputation, the pawn loan is the most ill-regarded arena in an already unloved category of consumer lending. By definition, a pawnbroker offers loans on items that are not accepted as collateral by traditional banks or lenders. Items that typically show up in pawn shops include jewelry, electronics and collectible items.
The loan amount a borrower can get from a pawnbroker is determined solely by the value of the item itself; as in most forms of short-term lending, there is no credit check. As a general rule, pawnbrokers are willing to lend 20 percent to 50 percent of what they assess an item to be worth, the borrower then has 30 days to pay the loan back, and the borrower can also opt to pay an additional fee (usually $100) to extend their loan for 30 days.
Which is why it might be surprising to note that 2018 and 2019 have in many ways been strong growth years for the pawn industry in the U.S. and around the world. Consumers are leveraging pawn shops more frequently and investors are taking the industry more seriously as a vehicle for growth.
Robbie Whitten, chief executive of Money Mizer Pawns and Jewelers in Georgia, noted that as payday lending legislation spreads, pawn loans which are fast, easy to access and come with cash and almost no questions asked are becoming increasingly attractive to a class of borrowers who have an immediate need for funds and very few legal channels to turn to.
While most Americans have certain mental associations with the types of consumers drawn to the pawn lending model, it is worth noting that in many cases those borrowers are likely younger and far better educated than the image people have. As noted by a recent USA Today report, millennial college grads saddled with tens of thousands of dollars in student debt who get behind on payments rapidly find themselves first pushed into the deep subprime credit zone and short on funds in case of a major financial setback.
In such cases, those consumers are increasingly turning to high-cost forms of credit check-free borrowing like pawn loans and title loans. In her thirties, Jen Thompson of Lansing, Michigan told USA Today her loans went into default after she was taken in by a student loan refinancing scam, and that she has since used both pawn and payday loans to cover routine expenses, buy Christmas gifts for her kids and pay for school activities despite being fully employed.
As of 2019, Smart Financial operates around 87 pawn shops spread across Arizona, Georgia, Illinois, Iowa, North Carolina, North Dakota, Oklahoma, South Dakota, Texas, Virginia and three Canadian provinces. As of this week, the firm announced it would be adding to its store count with the acquisition of 11 Illinois stores, one Iowa store and seven Texas stores. The firm was founded a little under three years ago, and launched with the express goal of consolidating the fragmented and extremely varied world of pawn shops.
The Federal Trade Commission, which brought the lawsuit, will now ask U.S. District Court Judge Gloria M. Navarro of Nevada to order the company and others involved to repay borrowers tens of millions of dollars in illegal charges.
The Center for Public Integrity and CBS News exposed in 2011 that Scott Tucker, a convicted felon turned professional race-car driver, started the online lending business, now known as AMG Services of Overland Park, Kan. Tucker turned to three Indian tribes in Oklahoma and Nebraska when the attorney general of Colorado tried to shut his business down.
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