Posted by Sylvia_FL on 6/13/07 11:34am
Msg #194873
OT: Cashcall.com
Was watching TV and and Gary Coleman (remember him?) came on advertising cashcall.com.
I looked at the small print at the bottom the commercial and thought I was having eye problems! The APR on a $2,600.00 loan is 99.25%!
I went to www.cashcall.com just to double check - go to the site and click on their rates!
I thought there were usury laws to prevent those kinds of interest rates.
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Reply by Calnotary on 6/13/07 11:37am
Msg #194875
Loans are offered by First Bank of Delaware, a federally regulated state financial institution not affiliated with ThinkCash. ThinkCash does not grant or deny credit with respect to these loans. All loans are subject to credit approval. Certain limitations apply. In some cases we may not be able to verify your application information and may ask you to provide certain documents. Applications received by 5:00 PM CST are typically funded the next business day. Example of loan terms: The annual Percentage Rate (APR) for a $1000.00 loan is 177.4% with 20 semi-monthly payments of $96.39. Credit approval is subject to lender's credit standards and actual terms (including actual loan amounts) may vary by applicant. Complete disclosures of APR, fees, and payment terms are provided with each loan and are available from the lender.
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Reply by KKinNoCal on 6/13/07 12:21pm
Msg #194884
same start up guy as Ditech
He drops a couple million a year on race horse purchases. Recently bought a young horse from a friend of mine for $450.00.00.
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Reply by Gina/OPNot on 6/13/07 8:16pm
Msg #194986
Re: same start up guy as Ditech
What do you mean st ditech? Do you mean the previous owner of ditech has now started Cash CALL?
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Reply by BrendaTx on 6/13/07 12:28pm
Msg #194887
Re: OT: Cashcall.com - just glad Gary's got a job these days
He got a real shaft job from his people when he was a kid.
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Reply by Dlars_FL on 6/13/07 7:27pm
Msg #194980
Now Brenda, What makes me think
that you're sounding a lot like "Ross Perot" here. Is it that you're both from Texas? Or, were you a "Perotbot" in a former life. LOL
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Reply by Todd Atkins on 6/13/07 2:33pm
Msg #194922
The usury laws apply in the state where the lender is based. These payroll outfits give you a 10-day loan against your paycheck for an APR of over 200%. Try swallowing that horsepill.
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