- May 12, 2001
- 6,960
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Mine did. CURSE YOU US BANK!!! YOU'VE GOT LOTS OF MONEY!!! I ONLY HAVE TWO LEGS!! What am I gonna do about my legs?!Originally posted by: Linflas
I think the illegality is the collection methods used. Generally banks don't break kneecaps when payments are missed.
That doesn't matter. teh [sic] google believes in you...Originally posted by: Gnote
i don't believe in teh google.
Originally posted by: Mwilding
google search term: loan shark - 1st listing
Another similar crime is Usury - which is charging outrageous interest rates (usually 25% or more is considered usury)
Or you can borrow your money by more conventional ways and save a bundle over the loan shark. But you are right that pay-day loan businesses are possibly the worst money mistake that anyone could ever make.Originally posted by: natedawg
I read something a while back about loan sharks. If you need a loan, loan sharks are the way to go. They typically charge much less interest than one of those pay-day loan businesses which can charge several hundred percent on their loans depending on how much you borrow.
Originally posted by: Skoorb
It's how I make my side money. 25% is what I charge. If you're late with a payment the whole thing goes up to 50%, and trust me you do NOT want to be late again.
Originally posted by: FrustratedUser
Originally posted by: Skoorb
It's how I make my side money. 25% is what I charge. If you're late with a payment the whole thing goes up to 50%, and trust me you do NOT want to be late again.
You are cheap!
I had a LEGAL car loan with 29% interest!! :Q
That is what you pay for being a foreigner with no credit history. Luckily that POS loan built me enough credit to refinance at 5.2% 9 months later.
Now my credit score is 710+ after being here 2 years and a few months.
Originally posted by: Ranger X
I charge 25% and if payments aren't met in time, I start taking organs as payment.
Originally posted by: Xionide
Originally posted by: FrustratedUser
Originally posted by: Skoorb
It's how I make my side money. 25% is what I charge. If you're late with a payment the whole thing goes up to 50%, and trust me you do NOT want to be late again.
You are cheap!
I had a LEGAL car loan with 29% interest!! :Q
That is what you pay for being a foreigner with no credit history. Luckily that POS loan built me enough credit to refinance at 5.2% 9 months later.
Now my credit score is 710+ after being here 2 years and a few months.
Which country did you come from?
-Xionide
What exactly is loan sharking?