Loan sharks would be jealous

[rev_thumper]

Recently I got to spend some quality time channel surfing while I dealt with a bout of bronchitis and one of the daytime TV ads that caught my eye was one which offered a loan of up to $5,075... in minutes

Comments

[arkanaut]

Wait... what about these guys makes them NOT loan sharks?

[rev_thumper]

Well they put on a better suit and got a lenders license so now they are just predatory lenders instead of loan sharks.

[tudorlady]

Okay - you know the civilians you see on Cops? It's them. And there are a lot of Them.

[rev_thumper]

Good point. I suppose this is the other shoe dropping on the sub-prime lending mess. What better way to make a bad mortgage situation worse than to take a terrible loan like this to cover a late payment.

[metallian]

I recently volunteered to teach a high school class on financial responsibility. A big part of it was pointing to offers like that and saying "DON'T DO THAT!"

[stephmdsc]

Yikes ... I'm pretty sure that's illegal, yes? Unfortunately, a lot of the people taking those loans are the ones who are too young or too dumb to read the fine print ... or too desperate to care ...

[rev_thumper]

Seems to be entirely legal. Not moral or ethical, but legal.

[ericeis]

Do they have a website?

[rev_thumper]

Oh yea, I suppose I should have mentioned that. Cash Call dot com.

[shmike95]

I hate people.