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kane · 12-23-2012, 04:51 PM

Many of those payday loan and pink slip loan places charge around 400% APR interest for their loans and some of them charge even more than that.

During the summer when I would watch the Mariner games they sometimes had a commercial where you could get $10,000 loan with just a signature. If you paused it and read the fine print it said you would pay it back at $850 per month for 60 months so you would pay back $51,000. Pretty crazy.

12-23-2012, 04:51 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	Many of those payday loan and pink slip loan places charge around 400% APR interest for their loans and some of them charge even more than that. During the summer when I would watch the Mariner games they sometimes had a commercial where you could get $10,000 loan with just a signature. If you paused it and read the fine print it said you would pay it back at $850 per month for 60 months so you would pay back $51,000. Pretty crazy.