You have to be nuts to use this site.

Discussion in 'Detailing Bliss Lounge' started by Pureshine, Mar 27, 2012.

  1. Pureshine

    Pureshine DB Pro Supporter

  2. Kilo6_one

    Kilo6_one DB Forum Supporter

    latest in predatory lending looks like......... but hey, you sign on the dotted line.

    almost like loan sharking
     
  3. mrd0t

    mrd0t Obsessive Detailer

    Is this the one shown on Tv? Huge Scam, but i'm sure there's people out there not doing the math.
     
  4. DirtyWeRX

    DirtyWeRX DB Forum Supporter

    Did I read that correctly? 116.xx%?

    Ill take 2!
     
  5. 911Fanatic

    911Fanatic DB Pro Supporter

    Its not that bad. Over 7 years, your $5000 loan only costs you $40,872!
     
  6. mrd0t

    mrd0t Obsessive Detailer

    Sounds like a deal!
     
  7. SRT8Spartan

    SRT8Spartan DB Forum Supporter

    haha those commercials are hilarious too, see them up here in michigan, what a joke.
     
  8. Pureshine

    Pureshine DB Pro Supporter

    Ya if you can pay $480 a month why do you need 5k lol.
     
  9. Kilo6_one

    Kilo6_one DB Forum Supporter

    My thoughts exactly...........
     
  10. agpatel

    agpatel OD On Detailing

    Maybe I need to start giving loans with payments like those...how to turn $5k in to $40k
     
  11. invaderzim

    invaderzim Jedi Nuba

    I saw that on TV this morning. Couldn't believe the 116% interest rate. I think you'd be better going with a loan shark.

    I forget how high the actual rates at the payday advance places end up equaling when you find you can't pay back the $250 on the $200 you borrowed and have to then borrow $250 to cover that loan and then next week you have to borrow $300 to cover that one and so on and so on.....
     
  12. Kilo6_one

    Kilo6_one DB Forum Supporter

    payday advance loans are 300-450% interest. but since its a smaller amount it does not look as bad........
     

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