Is this she it even ducking legal!?!? v.cash lenders
Thread Starter
514.315.407.405
Joined: Oct 2000
Posts: 23,370
Likes: 0
From: Syracuse, NY... again.
Is this she it even ducking legal!?!? v.cash lenders
http://www.cashcall.com/
I think that was the site. They lend you up to $5,075 without any collateral. Then at the end they say, "Make sure you can pay the monthly payments before you borrow". I got a glimpse of the fine print and it said a typical $2000 loan gets paid back at a 46 month period with 99.25% APR!
Can they even fucking do that~?!?!?
Heres the rates... fuck me!
http://www.cashcall.com/General/Rates.aspx
I think that was the site. They lend you up to $5,075 without any collateral. Then at the end they say, "Make sure you can pay the monthly payments before you borrow". I got a glimpse of the fine print and it said a typical $2000 loan gets paid back at a 46 month period with 99.25% APR!
Can they even fucking do that~?!?!?
Heres the rates... fuck me!
http://www.cashcall.com/General/Rates.aspx
Thread Starter
514.315.407.405
Joined: Oct 2000
Posts: 23,370
Likes: 0
From: Syracuse, NY... again.
But in Florida look:
$1,500 Loan
$1,000 You Get
$500 Fee
141.42% APR
12 Payments $159.83
Thats 1917.96 you pay over the loan, PLUS the $500 they take right away aswell.
I don't see how they can do that. Don't mob people go to jail for lending someone $1000 and having them pay back that much?
$1,500 Loan
$1,000 You Get
$500 Fee
141.42% APR
12 Payments $159.83
Thats 1917.96 you pay over the loan, PLUS the $500 they take right away aswell.
I don't see how they can do that. Don't mob people go to jail for lending someone $1000 and having them pay back that much?
snitches get stitches
Joined: May 2002
Posts: 49,696
Likes: 1
From: Portland, OR
They can do it because some people are desperate for a loan and don't qualify for traditional bank loans. They'll tell you they're doing a service to those less than creditworthy :chuckles:
I
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
They can do whatever they want. It's not against the law.
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2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
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Thread Starter
514.315.407.405
Joined: Oct 2000
Posts: 23,370
Likes: 0
From: Syracuse, NY... again.
So like I posted in my initial... how come mobsters and gangs get in trouble for loan sharking and shit like that? Cause thats what it is...
Don't Credit Card companies have a limit to what they can charge APR? Why is this different?
Don't Credit Card companies have a limit to what they can charge APR? Why is this different?
