Beware of Godless Loan Sharks!

[Packerjohn]

Just picked up my mail. Got this ad from "easyfinancial". They are offering loans up to $35,000. On reading the tiny print at the bottom I find that the interest rate will be 19.99% to 28.99%. I can't believe this! The bank of Canada & US too has set their rates at 0.25%. I have a strong feeling that these loan sharks are trying to take advantage of the massive layoffs in most countries of the world. Lucky me, I am retired with a pension & don't need these guys but I can't speak for everyone. As they say over & over "these are trying times". Don't see why the sharks have to grow rich & fat!

 

[fuzzybuddy]

It' so easy to get trapped into these loans. You don't have enough to get by this week, and you get one of the 'easy" high interest loans to make ends meet. Next payday, now, your paying off a loan as well as being short, so more loans. Pretty soon, you have more loan than income. Most have to declare bankruptcy. Those lenders don't care, you've probably paid the loan back with interest a couple of times-and still owe them the balance.