Been seeing these TV commercials for loans, like payday loans...
Indian guy in suit talks while drum beats on the soundtrack... "Yeah, our loans are expensive..."
A little bit of Googling, and 139% pops up.
I don't need a loan - but if I did I'm not sure I'd be dealing with some Indians running a Bank on the reservation.
Is this another case of the Indians using the reservation to get around laws that they are exempt from?
If someone can find the video, please post it - it's mildly entertaining.
Just found this on another site, where someone read the fine print:
- 139% Interest Loan- Yes, 139% INTEREST!!!
- 75$ "Origination" Fee once loan is approved
- 36 Monthly Payments of $297 if loan isn't paid off early (This means
you pay $10,692 over 3 years to pay back a $2,500 Loan- WOW)
- Loan can be paid off early with no penalties
Here's the website: http://www.westernsky.com
You have to be desperate, or dumb - to make a deal with these Indians.