 sunday_scour
Male, 18-29, Eastern US
 232 Posts
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Sunday, January 29, 2012 1:50:55 PM
I propose that it was a dyslexic typo. 48 months is a standard time frame of 4 years. 84 months is 7 years, an odd amount. Thus, I suspect that you would "only" pay $23,355.84 for a $5,000.00 loan. I wonder if, should you pay it off early, it would a slightly smaller amount? Btw, it certainly is a better deal than was given to them upon the initial encounter with Europeans; they don't trade with beads anymore. For which I give kudos to them. However, all the money in the world (probably) can't stop the slow erosion of culture, or assimilation into the society that swarms around. |
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 lyonartime
Male, 18-29, Eastern US
258 Posts
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Saturday, January 28, 2012 10:37:06 AM
The Native Americans are regaining ground quickly. |
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 verbosity
Male, 30-39, Midwest US
83 Posts
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Friday, January 27, 2012 5:57:44 PM
Think I've seen their commercials - isn't this the lender that says (to paraphrase) "sure its expensive, but we're giving you a loan without any collateral." If only the mob thought of that slogan and paid their taxes... |
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 grapehead
Male, 18-29, Western US
409 Posts
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Thursday, January 26, 2012 11:18:59 AM
i dont care she is hot |
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 eduardoleon
Male, 18-29, Eastern US
492 Posts
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Thursday, January 26, 2012 12:17:40 AM
omg i've seen that commercial |
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 Flibmeister
Female, 18-29, Europe
840 Posts
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Wednesday, January 25, 2012 9:14:26 AM
there's a short term lender here in the uk offering over a 5000% APR. |
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 SCfan
Male, 40-49, Midwest US
1665 Posts
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Wednesday, January 25, 2012 8:34:42 AM
@Ilikelogic - Not an error, check out their website. |
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 zombunny
Female, 18-29, Eastern US
2524 Posts
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Wednesday, January 25, 2012 7:20:20 AM
Yikes. That's over half my monthly rent. |
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jaymeister
Male, 30-39, Europe
31 Posts
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Wednesday, January 25, 2012 7:04:10 AM
Being a slacker i haven't bothered to read all comments..BUT 84 months 7 years at over 100% interest i reckon that is about right....any one who has a mortgage should know that , don't know why i bothered really , a drattard who can even spell the word "to" , i shouldn't have even bothered..... |
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 Mr_Pedo_Bear
Male, 70 & Over, Southern US
338 Posts
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Wednesday, January 25, 2012 6:41:18 AM
@DiePSPolice True but there are other reasons for paying a minimum. I'm at uni and I leave about £15 on my credit card and pay a little bit of interest on by paying just the minimum instalments. However because I have a few years of paying all utility bills on time, and all credit card bills and phone contract bills on time I have an extremely good credit rating in time for when i want to get a mortgage for a house. Among the increased overdrafts,credit cards and store cards I can secure £14,500 worth of short term credit yet (student loans excluded) I'm still only in debt by £15. |
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 blk954
Male, 30-39, Western US
176 Posts
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Wednesday, January 25, 2012 6:26:19 AM
Playing devil's advocate here... if you have seen the commercial, she does say it's "not cheap". So - you have been warned. :) |
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 HAHAyousuk
Male, 18-29, Western US
153 Posts
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Wednesday, January 25, 2012 6:09:16 AM
@edgarska amen, bro. Amen. |
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 bomb_tom
Male, 18-29, Canada
438 Posts
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Wednesday, January 25, 2012 4:33:55 AM
natives don't pay taxes so they have that kind of dough. also, they're not very smart. |
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 Finker
Male, 40-49, Europe
480 Posts
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Wednesday, January 25, 2012 3:48:20 AM
Ilikelogic - in the UK a loan company (Wonga) recently took down an ad encouraging students to use short term loans with interest rate of 4214%. The reason given? So they wouldn't get into debt. Many 'payday' loan companies have higher rates. |
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 Edgarska19
Male, 18-29, Western US
1048 Posts
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Wednesday, January 25, 2012 12:53:19 AM
I'm more annoyed by the incorrect use of "too" than the charges. |
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pwnlord
Male, 18-29, Europe
69 Posts
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Wednesday, January 25, 2012 12:18:02 AM
@ Ilikelogic, not an error, this is banking.. they have a YEARLY interest rate of 116.78%, some morons actually fall for it :/ |
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Ilikelogic
Male, 40-49, Europe
292 Posts
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Tuesday, January 24, 2012 11:49:13 PM
You take 12 payments instead of 84.
12* 486.58 = 5,838.96
5838.96/5000 = 116.78 %
Probably/hopefully a copy/paste error |
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 xCYBERDYNEx
Male, 18-29, Southern US
4798 Posts
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Tuesday, January 24, 2012 11:37:34 PM
That's insane |
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number696969
Male, 30-39, Europe
251 Posts
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Tuesday, January 24, 2012 10:48:22 PM
In the UK at the moment there's a rash of these 'pay day' loan sharks (oops, i mean companies). One of the most impressive APR I have seen to date is just over 4000%....
In an economic cimate like this, what comes slithering out from underneath stones to make money on the misery (and greed and stupidity) of other human beings is really quite depressing. |
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 paperduck
Male, 18-29, Midwest US
985 Posts
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Tuesday, January 24, 2012 10:11:16 PM
who the hell can afford this, wouldn't their delinquency rate be like 99.9%? |
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 Mooberry
Female, 18-29, Australia
92 Posts
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Tuesday, January 24, 2012 9:47:43 PM
= warning: politically incorrect statement ahead =
So they are too lazy to build casinos to take our money now? |
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 5Cats
Male, 40-49, Canada
16973 Posts
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Tuesday, January 24, 2012 9:30:52 PM
READ THE FINE PRINT!!!!
It's important! Yet sometimes people just don't get it, eh? |
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 Angelmassb
Male, 18-29, S. America
15474 Posts
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Tuesday, January 24, 2012 7:04:25 PM
@Neagle
I was thinking just the exact same thing |
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 BlankTom
Male, 30-39, Eastern US
6533 Posts
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Tuesday, January 24, 2012 6:58:12 PM
"Credit approval is not guaranteed..." Can you imagine what horrible credit you must have to not qualify for a loan with >100% APR? |
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 xiquiripat
Male, 18-29, Western US
2419 Posts
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Tuesday, January 24, 2012 6:37:00 PM
Indian givers. |
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