Now Detroit, ya’ll no better! A weave loan store has got to be the craziest thing I have read today and I cannot wait to see what you guys think about this story.
Mediatakeout was where I first saw this story in passing, and to be quite honest I do not take a lot of what they write seriously because they tend to exaggerate a bit.
But then our friends over at Madamenoire decided to take things a step further in finding out more about this ‘ratchet venture’ by contacting the store, I was interested!
Madamenoire reported that for one, the business is not open yet but the co-creators wanted to provide expensive weaves to people who were not financially able to afford them.
How it works is that the store owner will connect the person who cannot afford the weave with lenders who offer loans. The store owner who only wanted to be identified as Fred was clear on the point that he wanted to give his customers ‘options to better afford weaves.”
“We’re going to treat our customers with respect. We’ll give them viable options; we won’t be exorbitant. Loans will be reasonable and attainable.
We want them to know we’re sensitive to our demographic. We’re not going to disenfranchise our customers.” The Weave Loan Store is located in the 8 Mile section of Detroit, which Fred says is at a place that attracts customers from across the gamut, urban, suburban, and otherwise.
We agree with Madamenoire wholeheartedly when they say this is probably the worst business to patronize because what you will essentially be doing is getting a payday loan to purchase some hair.
When ‘Fred’ says that he has the customers in mind and that he does not want to disenfranchise them, that is a bold face lie.
The long and short of it is, if you need a loan to take care of something that will make your life better in the long run then maybe that might be a great investment.
If you cannot afford weave then that is just a purchase you should leave alone. Weigh in, do you think this sort of business adds value to urban communities or do you think this is a good idea?
I hate weave…. Don’t you know by putting that $**t in your hair it makes you a regular
B**ch!!!!!!
This is sad.
Lol wow
Too funny
Only thirsty hoes would be stupid enough to do this!
Lol uhhh no. That’s really sad that you’d have to go the extreme of taking out a loan for something that isn’t a necessity
… plus it’s so temporary, you can only leave a weave in but so long.
Right! By the time you pay it off whatever hairstyle you had will be as played out as the term ‘played out’. I hope you take plenty of pictures.
#shamed
It’s not that serious.. Is it!!
I wouldn’t get a loan for ANYTHING ever again! I’m tired of owing people money!
The FIRST thing that comes to mind is the potential risks with sanitation issues. O_0
Stop the madness
Can you say, “Tacky”…….sigh
very tacky. lol
LOL!!!!
This is ridiculous
Shut the front door!! :- smh…… What kind of interest are they talking about?
If you gotta do this then clearly your life is in shambles
Oh hell noo
Lol please tell me that don’t exist…. thank God for my natural hair….
If you need to take out a loan for some damn hair your priorities is in the wrong place. But also what I am thinking is that a lot of black women have went natural, they no longer is running to the Asian community to buy hair and supplies so they are losing money. But the Asian community know that blacks wanted to get in on the weave business that they have been controlling for years. So now there next move is trying to sell black women bundles of hair for their clients so blacks have to continue to depend on the Asain community for their service and they Asain community continues to make money off of black people . What black business owner need to do is find their own suppliers. I hope nobody is that damn stupid to take out a hair loan, the interst rate alone is going to be ridiculous. Just another way to keep blacks broke. You will never see this mess in a white community.
A clear indication that financial literacy education is needed. A loan on something that doesn’t appreciate? #misguidedatbest
Say that, sis!!!!
This is just ridiculous if you can’t afford to pay for it then you don’t need it.
No
U just cannot b that desperate
If you can’t afford a weave, you don’t need it. Point blank and the period
This is absolutely ignorant. I hope it’s a hoax
Sadly, it’s not
Sigh! Ugh!
LOL
I think we should invest in things like a home and decent car. Weave get out of here
This has to be the biggest insult ever. They’ve studied our spending patterns and they know some non-thinking individual would fall for this! Time to stop being stupid.
Really? Has it come to this? DAYUMMM!!
SMH…
Weave got to think of a better reasons to take out a loan. LOL
I bet it’ll people sure will do it!
Weave repo…lol
Lol right!!! I wonder how that would work if they can’t pay back the loan???
LMBO!!!
Haha haha haha haha the hair loan store. So if your late wit your payment they come take your weave out??? Hahahahahaha! Gotdamn I done heard everything…
I grew my own bundles for free!!! 😉
Smooth like a babies a$$!
Soepople are so desperate for a weave they have to get it by ‘Lay Away’, lol
Shame on anyone who goes and does that. There are better things to spend that money on!
Really? A weave loan? Do people not know what a loan is? You’re going to payback more than you borrowed. So that 300 dollar loan you got for weave is gonna cost you 345-380. It’s not even worth it. Somebody that can’t even afford a 12 dollar bag of hair from the beauty supply don’t need weave at all they just need to do their own hair. Besides I haven seen 90 dollar hair that is better or lasts longer than the 12 dollar hair I buy. I also haven’t played around in all 90 dollar hair so there may be some better. Lol this just sounds a mess
Wow…Really
Lolol too funny to stress it. Folks come up with the funniest ways to get our money. Lol
Bad credit!
Ridiculous!!
People be like “if you can’t afford it you don’t need it” but get their hair done every week XD it’s funny because no one can afford it. That 100+ you just spent on a weave you could have used for something useful. Js..before you judge watch yourself.
On this topic though, it’s silly.
No thanks.
??????????
I can’t muthacf**in deal. Is it that damn deep?!
Yh thts jus a bit much.
Really!
Seriously?!! Wow! I have seen it all!
This weave thing has gone too far! Do women have to have hair that bad how stupid!
You got to be kidding,, no credit, no hair.
No, no, and heck no!!!!!!!!!!
Hell no this is stupid.
Bye Felicia.
Um…? No.
Hell no. Can’t afford it? Don’t bother
If you need to take out a loan to buy some weave then your priorities all messed up!
It’s that serious
Sad!
Where’s the thumbs down… If I’m taking out a loan it is definitely not going to be for a weave!
If you need to take out a loan to buy hair, buying hair is the least of your problems.
That’s RIDICULOUS!!
Get real people. It’s not that serious.
Hahaha!
Stop it, priorities people….
Lol…smh
Only in America. LOL
Oohs snap, this is real?! Come on now…you take out a loan to purchase a house, not a weave!
No.way
What the !!!!lol….that is crazy
Ok I was wondering the same thing!
It’s not even that serious it doesn’t even have to be this serious!!! Clever though
Snatch and run.
Snatch. And. Run.
Another easy credit rip off!
Image from http://thebenevolentcouchpotato.files.wordpress.com/2011/12/florida-good-times1.jpg.
Nooo too much!
This is crazy..if you cant afford it you dont need it..smh
What?!!! I’ll bet they get alot of business too. With the economy there as bad as it is, why not open a “Feed dem babies Loan Store” or a “Pay this rent Loan Store” . Chile please, yall better work with your God given hair.
Just like “Rent and Roll” rims. Supply and Demand, works every time.
Smh. Ridiculous
They’ll let u keep the hair , I’m sure the high interest already paid 4 the hair
Wth they gonna do if you can’t pay repo your weave lmao
Really? And how much is they weave that you need a loan, that’s why its important to take care of your own hair so you don’t need it, and if you can’t afford it please don’t get a loan for weave that’s just irresponsible how about a loan for a house invest, lawd let me stop an go to bed.
No. It’s not that important!
No cuz its not that deep it never was. Weave is just another hairstyle weave is not a necessity or desire or goal.
What would Negros think of next?? Really!! My people.
Terrible
LOL. Or take you to small claims court. LOL
Wow!
I’ve seen it all now…
Nope
SMH LOL
Hell no
I hope it is a hoax as I pay enough tax as it is. I dont mind ot being used to help pay fir food clothing etc but magine paying tax to help in the support of the interest on loans like these. Wtf!
No; if I don’t have enough money for a weave, I go with a more economical hairstyle. It is not THAT serious.
speechless
He’ll no. How much hair do you need to do that.
This is THE saddest crap I have ever seen. The priorities of some people never ceases to amaze me…
What in the f**kery . I had to spell it all out
It’s really unnecessary just for a weave
Ignorance
Heck no . In my whole life , I have only got weave 7 times and I hated it . I got braid extensions wigs and one straight weave . I started to miss my hair the first week . Now I rock cornrows as a protective style . Please why should I get bundles when I can grow my own hair bundles . Honestly my natural hair was more gorgeous than any weave I ever got. I will no longe spend 200 dollars on weave then take it out in like two months or less and want it out by the first week . Who is crazy enough to take out a loan on hair ?
Worst idea ever!!!! A loan to pay for some hair? Go to YouTube and learn how to do your own hair if it’s that bad. Wow just wow smh
Lol now this is too much!
This is a god send for black folks; going into debt buying fake hair. What a wonderful country.
No, that’s crazy
lol this has to be a joke
What in the hell I’m from Detroit this is a hot mess really
If you can’t afford the hair for the weave, perhaps it is time to actually take care of your own hair and forgo the weave until you can afford one. All things considered, it is likely a dangerous financial spiral: You take out a loan, pay back while you are wearing the weave. But, the weave is taken out before you complete repayment. You take out another loan (or add to what you already owe, to get the next weave. By the time you have done that a few times, you will owe enough to buy a used car. If the interest rates aren’t predatory that’s good, at least, but this whole thing is still a bit short sighted and lofty.
That’s what I’ve done. I did my own relaxers and then when I felt like I was wasting too much money (and time and the health of my hair) on that, I went natural. I’ve always done research and try to as much as I can myself (whether is be car repair, hair care, fixing things around the house, etc) and with the best care.
And that’s actually the way it should be. As a society we rely too much on others to do certain things, wasting huge amounts of money in the process. If you know you can’t do it, that’s one thing, but if you can research, understand what you researched, and follow instructions well, there’s no need not to try, no matter what it is! Many dispose of their entire disposable income, having things done they could do themselves fairly easily. Time to take back our money as well as our self sufficiency!
You do make a good point. I was ready to chime in with others about how ridiculous this is, but I can totally see from your perspective.
I still say, though, even if someone may be starting off a modelling career (or any other professional career), we have to come to realization that we can’t look to loans for any and everything. Our country’s economics have gone down the toilet and we continue to make bad personal financial decisions.
Our people especially have a bad rap for making terrible financial decisions. We can’t ever let something like this become the norm. Priorities need to be reevaluated.
Amen sista to that!! Truly, that is my conclusion as well!! On point!
No I would not get a loan for a weave. Embrace your natural beauty but if one chooses to add hair, get what you can afford. And, honestly if you can afford the expensive weave is it a good use of your funds?
Heck no. Our values are scrambled.