Need cash?

~E~
As I was lounging on my sofa, having called in sick, I caught a commercial starring Gary Coleman espousing the joys of making ONE PHONE CALL and having cash DEPOSITED IMMEDIATELY into his checking account. Because, he goes on to say, no one else would loan him money!! Not even family!! (I'm really not sure I would say that to a national audience, but whatever)

In the 1.2 seconds their required disclosures were on the screen, I swear I saw an APR of 99%. So of course I had to go to their website to see if that could possibly be true. Sadly, one cannot avail oneself of these services if one lives in Wisconsin, Iowa, Massachusetts or a few other states, but if you live in Utah you may have the pleasure of paying up to 151% interest. Damn, I'm moving!

OK, snark aside, I feel for people who think this is a good option for them. There should be laws against this. No, I am not and never will be a libertarian.

Comments

Spudster said…
Sounds like a Republican concept: "Steal from the poor to give to the rich".

Wow, 100% interest? Isn't that consider "loan sharking" in some circles?
July 25, 2007 at 1:49 PM
Laurie Stark said…
That is seriously appalling.
July 26, 2007 at 11:19 AM
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