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!!!!
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17 comments:

  1. UnknownOctober 3, 2012 at 5:33 PM

    Annual payments? Heck of a deal!!!

    ReplyDelete
    Replies
    1. Live FreeOctober 3, 2012 at 6:29 PM

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

      Delete
    2. Max YasgurOctober 4, 2012 at 10:55 PM

      "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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