Quote:
Originally Posted by MrMaxwell
White as this may sound.. I'd much rather just have the 240% coming in like clockwork than be out or have people out repossessing shit... LoL over here
I've always loved the idea of this business since I first thought of it
|
The way I understand it (and I'm not expert, but I used to work with someone that used these things from time to time) they don't normally loan that much unless you have a really nice car and typically you have to repay it within a very short time frame. Part of the reason they do this is so you won't default. For example if your car is worth 8K and you borrow $500 you will bust your ass to pay it back because you don't want to lose your car for that small of a loan.