Weave Loan Store Opens in Detroit

[gazpacho]

shine.forharriet.com/2015/05/weave-loans-are-thing-thats-really.html#axzz3bL09s176

We support women wearing their hair exactly how they want to. If your choice is straight, curly, weaved, or bald, feel confident about your decision and don't let anyone tell you otherwise. But I must admit this commercial for The Weave Loan Store in Detroit raised an eyebrow.

It's estimated that Black women spend a total of half a trillion dollars on our hair annually, so, of course, a business dedicated entirely to financing hair seems like a logical (?) next step. But you've got to worry that this will be yet another way for predatory lenders to trap Black women. No, we're not the only people who wear weaves, but the unintended consequences are concerning.

[gazpacho]

Well, I guess I should celebrate the entrepreneurial spirit of this. But, I can't. This is a weave pay-day loan.

[summer]

I don't think there is a gif out there that can express what I'm feeling right now.

[NewOrleans]

[cookiemdough]

"Now you can afford to be beautiful!"

Are they fucking kidding me???

[iammalcolmx]

That took everything out of me.

[NewOrleans]

NitaX and @soudesafinado please report here for this foolishness.

[iammalcolmx]

@koko @helenabonhamcarter pennypenny Black Lavender @kande818 @wandering dowagercountess

[Deleted]

This has to be a SNL skit. Has to be.

[NewOrleans]

May 27, 2015 7:29:50 GMT -5 iammalcolmx said:

@koko @helenabonhamcarter pennypenny Black Lavender @kande818 @wandering dowagercountess

@kirkette

[sunshine608]

It was coming. First you could finance your rims, now your weave. I shudder to think what could possibly be next.

Also, I assume they can't come repo your weave, so what happens if you don't pay?

[EloiseWeenie]

If someone doesn't pay their loan, does their weave get repossessed? Why were all of the thumbs up arms white? This has to be fake, right??

[thejackpot]

So ridiculous. I hope it is fake. Although in Detroit you can probably buy a house for the price of a weave.

[josieposy]

Just so I'm clear (can't watch the video at the moment), these are loans to be used for hair and they aren't holding hair as collateral right?

[iammalcolmx]

May 27, 2015 8:10:23 GMT -5 @soudesafinado said:

It may not be a joke! Ed Gordon is talking about it right now! He has been trying to confirm if it is real but he says the number works!

Didn't you see my friend on FB say she has heard the commercials in Houston as well?

[iammalcolmx]

May 27, 2015 8:25:53 GMT -5 @tooshort said:

This is some shit. What kind of foolishness is this?

[pixy0stix]

May 27, 2015 7:51:14 GMT -5 sunshine608 said:

Also, I assume they can't come repo your weave, so what happens if you don't pay?

Do you remember the woman who did just that to a little girl? Her mama didn't pay for her braids, so the woman ripped them right out.

[Deleted]

This is some bullshit. First of all, this is taking hood rich to another level. 2nd, have these women never heard of aliexpress. Weaves dont cost what they used to!

[Daria Morgandorffer]

May 27, 2015 9:07:27 GMT -5 pixy0stix said:

May 27, 2015 7:51:14 GMT -5 sunshine608 said:

Also, I assume they can't come repo your weave, so what happens if you don't pay?

Do you remember the woman who did just that to a little girl? Her mama didn't pay for her braids, so the woman ripped them right out.

[NitaX]

Folks stay doing the most. This right here is the most. Please let it be fake like the fake ass hair they are selling.

[orangeblossom]

May 27, 2015 7:53:38 GMT -5 mryrcn said:

Can you get a loan on your grillz? I mean the ones that cover your teeth.

Yes you can. You can also get loans for car rims and such.

[orangeblossom]

May 27, 2015 9:33:30 GMT -5 NitaX said:

Folks stay doing the most. This right here is the most. Please let it be fake like the fake ass hair they are selling.

I doubt it's fake. I've heard similar commercials.

[orangeblossom]

It's times like these, that the only thing I can say is "My people, my people."

[ttt]

May 27, 2015 7:51:45 GMT -5 EloiseWeenie said:

If someone doesn't pay their loan, does their weave get repossessed? Why were all of the thumbs up arms white? This has to be fake, right??

They're white because this video was made using Videoscribe (or similar) and they have standard template-type things for making videos. So that animation was probably a pre-made thing that you drop into your video. 

[ttt]

Also, I will pray for your people.

[gazpacho]

There is a FaceBook page! Also, someone should call and get rates, info. I need to know more about this craziness and I am stuck in a meeting.

[gazpacho]

This is the photo on their Facebook page. *Kicks everything in sight*

[orangeblossom]

May 27, 2015 10:59:05 GMT -5 pennypenny said:

OK. I have never had a weave, but how much does this shit cost that you need a loan. I am assuming this is not like a human hair Beyonce weave, right.

They can be hundreds to thousands of dollars. Craziness.

The scene in Good Hair comes to mind, when Chris Rock was like, so you pay $1000 every few months or something like that. He looked at her like she's lost her mind.

[meshaliuknits]

May 27, 2015 10:59:05 GMT -5 pennypenny said:

OK. I have never had a weave, but how much does this shit cost that you need a loan. I am assuming this is not like a human hair Beyonce weave, right.

Right?

I've had hair added when I got braids but that was 2 packs for $5 hair. Barbie grade hair.

[Black Lavender]

May 27, 2015 12:28:43 GMT -5 @soudesafinado said:

May 27, 2015 10:54:48 GMT -5 gazpacho said:

There is a FaceBook page! Also, someone should call and get rates, info. I need to know more about this craziness and I am stuck in a meeting.

Ed Gordon called and left a message. He will report back. 

Please lawd don't let this be real! I'm reading all of their tweets now...it looks like you can get approved for up to $400. I just can't...this is some next level shit