China_cat
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Thu Aug-09-07 01:51 PM
Original message |
Has anyone tried to read the fine print on the |
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Cash Call ads? I just did and almost dropped my teeth. It says the APR is 99.5%
Loan sharks have gone legitimate.
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AllegroRondo
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Thu Aug-09-07 01:52 PM
Response to Original message |
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Edited on Thu Aug-09-07 01:53 PM by AllegroRondo
some of the local Title Loan and Check Cashing places charge over 300%. They also get around the maximum rate laws by requiring you to buy a coffee cup (or some worthless crap) for $20 to qualify for their loan.
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Left Is Write
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Thu Aug-09-07 03:16 PM
Response to Reply #1 |
6. Wait a minute - you have to buy a cup of coffee to get a loan? |
AllegroRondo
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Thu Aug-09-07 03:21 PM
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7. its their way around the usury laws |
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they will only give you a loan if you qualify, and you can only qualify if you buy their $20 coffee cup.
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LeftyFingerPop
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Thu Aug-09-07 01:54 PM
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don't they have usury laws anymore?
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China_cat
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Thu Aug-09-07 02:38 PM
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3. Reagan did away with them. |
WindRavenX
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Thu Aug-09-07 02:39 PM
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4. This should be illegal, period. |
Left Is Write
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Thu Aug-09-07 03:16 PM
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5. Are those the ads with Gary Coleman? |
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I'm shocked this is actually legal. I think ALL loan-shark operations ought to be illegal.
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China_cat
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Thu Aug-09-07 03:35 PM
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Sat May 04th 2024, 03:03 PM
Response to Original message |