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"Yes the money is expensive...."

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d4everman View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote d4everman Quote  Post ReplyReply Direct Link To This Post Topic: "Yes the money is expensive...."
    Posted: 14 Feb 2012 at 5:30pm
So now you can solve money issues by borrowing more money with high interest?
 
Talk about legally ripping folks off. They even tell YOU you're getting ripped off if you think about it. ("Yes, the money is expensive.....")
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Thor Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2012 at 5:40pm
The commercial's bad, but the business it represents is worse.
 
See here for more comments:
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jenjen Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2012 at 7:59pm
Originally posted by Thor Thor wrote:

The commercial's bad, but the business it represents is worse.
 
 
 
Out here in California it's ""CASH CALL" and yeah it is a rip off and VERY expensive! I was dumb enough to take 2 of loans out a long time ago. I paid the first one off no problem the second one was a nightmare..long story short DON'T DO IT!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tiz Quote  Post ReplyReply Direct Link To This Post Posted: 14 Feb 2012 at 10:08pm
At least he's upfront about it rather then written in some small print like most ads. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote sgtrock21 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2012 at 2:40am
The average person can never get out of debt by borrowing more. Companies, corporations, interprenures, and inventors may possibly make money by borrowing. The only way to get out of debt is by cutting expenses to the point of survival only, and paying it off. Go to the nearest consumer credit office and set-up a plan.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dreamstalker Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2012 at 1:48pm
Originally posted by Tiz Tiz wrote:

At least he's upfront about it rather then written in some small print like most ads. 

It is in small print.  The newer ads have white text on a light background so it's harder to read, but what I was able to see had something like 116% interest/84 months/$400 month terms.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Malcolm Reynolds Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2012 at 2:33pm
The interest is high because you're borrowing money with no credit check, and because you're expected to pay it back within 2 weeks (that's why it's called a PAYDAY loan).  Anyone who expects to pay back any debt making minimum payments is delusional and has no business managing their own money.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tiz Quote  Post ReplyReply Direct Link To This Post Posted: 15 Feb 2012 at 10:54pm
Originally posted by Dreamstalker Dreamstalker wrote:

Originally posted by Tiz Tiz wrote:

At least he's upfront about it rather then written in some small print like most ads. 

It is in small print.  The newer ads have white text on a light background so it's harder to read, but what I was able to see had something like 116% interest/84 months/$400 month terms.

I see your point, but the guy says "the money is expensive" in the commercial. You won't hear Troy Aikman from Rent a Center telling us "yes, this 50 inch plasma TV is expensive to own" - but you can have it for $19 a week.Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hezadancer Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2012 at 8:36pm
Hey at least they're being honest, maybe that's just how indian code goes.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Annoyedalot Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2012 at 8:51pm
There are laws against a practice called usury.  Usury is, for all intents and purposes, loan sharking.  There are legal rates set that legally can't be exceeded.  Based on how high mortgage rates got during the Carter years and the fact that some credit cards go as high as 29.99%, I suspect the usual limit is around 30%.  These limits are set by individual states.  I suspect that Native American tribes are not subject to these laws which is how they get away with 116+%.  I'd rather take my chances with Tony Soprano than these people.  I bet his rates were lower.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote aka ron Quote  Post ReplyReply Direct Link To This Post Posted: 17 Feb 2012 at 9:29pm

On my muddas birtday........

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Post Options Post Options   Thanks (0) Thanks(0)   Quote DirtyD79 Quote  Post ReplyReply Direct Link To This Post Posted: 18 Feb 2012 at 8:49am
Originally posted by Annoyedalot Annoyedalot wrote:

There are laws against a practice called usury.  Usury is, for all intents and purposes, loan sharking.  There are legal rates set that legally can't be exceeded.  Based on how high mortgage rates got during the Carter years and the fact that some credit cards go as high as 29.99%, I suspect the usual limit is around 30%.  These limits are set by individual states.  I suspect that Native American tribes are not subject to these laws which is how they get away with 116+%.  I'd rather take my chances with Tony Soprano than these people.  I bet his rates were lower.
  Loansharks? Fahgeddaboutit! Uncle Guido can't even get a toehold in that racket anymore. Not when banks and credit card companies have already beat him to the punch.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Pervis Quote  Post ReplyReply Direct Link To This Post Posted: 19 Feb 2012 at 2:40pm
Originally posted by Annoyedalot Annoyedalot wrote:

There are laws against a practice called usury.  Usury is, for all intents and purposes, loan sharking.  There are legal rates set that legally can't be exceeded.  Based on how high mortgage rates got during the Carter years and the fact that some credit cards go as high as 29.99%, I suspect the usual limit is around 30%.  These limits are set by individual states.  I suspect that Native American tribes are not subject to these laws which is how they get away with 116+%.  I'd rather take my chances with Tony Soprano than these people.  I bet his rates were lower.

Yeah, it is because they run the companies off reservations so they don't have to deal with those laws.  I worked in the casino/resort industry for almost a decade and dealt with numerous issues involving tribes.  They could pretty much do whatever they wanted because federal law did not apply to them.  The tribal leaders would set up huge businesses and reap all the benefits.  Since banking regulations and other such laws have been brought forward they are now using their federal legal immunity to become loan sharks.

The really sad thing is that the vast majority of Native Americans don't benefit from this.  The tribal leaders take advantage of their sovereign status on the reservation and put very little back into the community.  So they are ripping off Americans and their own people as well.  I find it quite disgusting.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Cathode_Ray Quote  Post ReplyReply Direct Link To This Post Posted: 21 Feb 2012 at 3:21pm
There's a second version of this commercial, with a young woman. I reckon they thought she'd "soften" the blow a bit, but it's still annoying and condescending.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tiz Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2012 at 10:24pm
^^^ I just starting seeing those.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote insanity213 Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2012 at 10:29pm
I just saw this one too for the first time .. I'd never seen the one with the guy.  Just ridiculous ...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Thor Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2012 at 10:35pm
"The money is expensive"???  What an awkward way of saying "The loan is expensive".  Money itself is not actually expensive.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote d4everman Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2012 at 11:29pm
Originally posted by Thor Thor wrote:

"The money is expensive"???  What an awkward way of saying "The loan is expensive".  Money itself is not actually expensive.
 
 
But its a roundabout way of saying "We're gonna totally screw you with fees, interest and whatever else if you borrow money from us!".
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Thor Quote  Post ReplyReply Direct Link To This Post Posted: 07 Mar 2012 at 11:40pm
Originally posted by d4everman d4everman wrote:

Originally posted by Thor Thor wrote:

"The money is expensive"???  What an awkward way of saying "The loan is expensive".  Money itself is not actually expensive.
 
 
But its a roundabout way of saying "We're gonna totally screw you with fees, interest and whatever else if you borrow money from us!".
 
Well, at least people know what they're getting into when they take out a loan from these guys.  Or they should, anyway.
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote d4everman Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2012 at 2:51am
Originally posted by Thor Thor wrote:

Originally posted by d4everman d4everman wrote:

Originally posted by Thor Thor wrote:

"The money is expensive"???  What an awkward way of saying "The loan is expensive".  Money itself is not actually expensive.
 
 
But its a roundabout way of saying "We're gonna totally screw you with fees, interest and whatever else if you borrow money from us!".
 
Well, at least people know what they're getting into when they take out a loan from these guys.  Or they should, anyway.
 
 
They should but someone will always fall for it. maybe they're young or just not very smart. But someone will, and these sharks know it. Its pretty disgusting since its painfully obvious that they are preying on thse people. Early in my army career I borrowed money from an outfit kinda like this....not even a lot of money, I think it was only about 500 bucks. But I was lucky...I had a sergeant who found out and schooled me a bit. Though I didn't make a lot of money then (i was a private) he got me to pay them back the very next pay day to avoid the long ridiculous payments it would have taken otherwise.
 
Lomg story short, I make it a point to not let any soldiers under my influence ever borrow money from anything even remotely like Western Sky.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Tiz Quote  Post ReplyReply Direct Link To This Post Posted: 08 Mar 2012 at 10:23pm
She says their cheaper than a payday advance loan. Hate to see what they charge.. 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote msmith Quote  Post ReplyReply Direct Link To This Post Posted: 16 Mar 2012 at 7:48pm
I hear they knock .01% off the interest if you bring your own jar of Vasoline.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote archan127 Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2012 at 1:07am
so i don't understand. if the money is expensive, then why would anyone see this as an alternative to any other ripoff payday loan service?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote d4everman Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2012 at 1:26am
Originally posted by archan127 archan127 wrote:

so i don't understand. if the money is expensive, then why would anyone see this as an alternative to any other ripoff payday loan service?
Suckers. Someone will fall for it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote PaWolf Quote  Post ReplyReply Direct Link To This Post Posted: 20 Mar 2012 at 1:32am

Because 'payday loans' are actually illegal in some states (such as New York), yet, being this would originate from a Reservation, it can be had (a 'loophole' thing). These are EASY to qualify for, and, if you CAN pay it off in a single installment (fat chance), it would only cost your left arm, first child, and right nut. You CAN get out of this alive, if you are stupid enough to get into one of these.

Mind you, the LEAST amount they will loan you is a large amount, and the LOWER the amount, the GREATER the PENALTY.

This is a ploy to feed off of the unfortunate, desperate folks - if you sign up, you are indeed screwed, make NO mistake about that.

Should ANYONE be in such a dire position (and I mean absolutely NO other means to acquire rapid funds, but DO have the ability to pay back within a very few months) and reside in a state such as New York (where options are limited), but only need a few hundred dollars, there are indeed 'RES LOANERS' that, although still expensive, can indeed help and provide a manageable solution (but don't forget! they ARE in the business to make a living - off of YOU!). The loophole? Have and utilize a savings account - not a checking - the rules change.

You MUST be absolutely desperate to go this route; TALK TO EVERYONE YOU CAN FIRST - especially any friend in the Financial industry.  
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