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This article or mentions loans being given interest rates of 390% and 80%. When I went to get a quote on one when I had a 700 credit score at the time, I was qu
by webninja 8y ago
This article or mentions loans being given interest rates of 390% and 80%. When I went to get a quote on one when I had a 700 credit score at the time, I was quoted 120%/year which was framed as 10%/month. Over 10 years, a 10k loan at 10%/month compounds into a whopping $927,090,688.18!!! These people are just preying off poor people’s financial illiteracy!