Wednesday, October 3, 2012

Need a $10,000 loan?

Have you seen this one lately? It's an offer from an American Indian tribe and therefore beyond the laws of our government. Yes, you too can get that $10,000 loan. What will it cost you? 84 payments of just $743. For people who can't do the math, that $10,000 loan is going to cost you $62,412!!!!

17 comments:

  1. Annual payments? Heck of a deal!!!

    ReplyDelete
    Replies
    1. 84 monthly payments. loan sharks used to go to jail for this stuff.

      Delete
    2. "loan sharks used to go to jail for this stuff."

      And then they put on suits, and started payday loan stores.

      After having gotten myself into and out of debt, I feel for anyone stuck on that hamster wheel.

      Delete
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