|
You gotta watch these companies. Cash Call was just fined $1 million in Calif for bait and switch loans. They offered loans for $2600 because Calif has an APR cap of 30% on loans of $2500 or less.
When people would ask for a loan of $2k-2500 they would tell them they didn't loan under $2600 but you could use the extra cash as a "pre payment" on the loan and just give it back. The loans then carried an APR of 179%. Bastards.
__________________
---------------------------------------------------------------------------
"There is nothing to be learned from the second kick of a mule" - Mark Twain
|