WTF!! Do people actually fall for this!!!! - Snowboarding Forum - Snowboard Enthusiast Forums
Reply
 
LinkBack Thread Tools Display Modes
Old 03-06-2012, 08:00 PM   #1 (permalink)
-LIFETIME MEMBER-
 
Join Date: Nov 2009
Posts: 1,492
Default WTF!! Do people actually fall for this!!!!

I saw a commercial for westernsky financial loans and tried to read the fine print at the bottom. In the ad the spokes women says the money is "expensive" so I was curious because I thought I saw the annual rate was 116%

So checked out the website, and holy FUCKOLA!!! a 5k loan that will cost over 40k to pay off No I'm not joking, I couldn't believe it, are there REALLY people this stupid out there On a 5k loan there are 84 payments of 486.58 for a total of 41,359.30

Check it out for yourself if you want a cheap laugh, they even charge a $75 loan fee...on approved credit of course, should maybe have a mental exam while your at it

Rates
__________________
JeffreyCH is offline   Reply With Quote
Old 03-11-2012, 03:53 AM   #2 (permalink)
-LIFETIME MEMBER-
 
2hipp4u's Avatar
 
Join Date: Dec 2010
Location: Flatrock
Posts: 372
Default

Unfortunately there are way to many stupid people who are taken advantage of with these kind of schemes, and don't even get me started on all the payday loan scam artists out there.

I put the shitsticks who run these places right up there with child rapists, I got no use for them at all and their ability to operate as they do goes to prove all of our lawmakers are corrupt asshats.
2hipp4u is offline   Reply With Quote
Old 03-11-2012, 06:06 AM   #3 (permalink)
Senior Member
 
Sean-h's Avatar
 
Join Date: Oct 2011
Location: Belgium
Posts: 129
Default

It's like spam from 'banks' asking you to log in, through a link, to confirm your details. Just hover your mouse over the link and you will see where the link will take you. They keep sending this crap out, because people keep falling for it. What is also funny is I think I have got only one from the 'bank' I actually bank with. Mind you, they are welcome to go in there and clean me out....they won't find much. The rest of my millions is in a suitcase under my bed, protected by me and my faithful sawn-off
__________________
Opinions are like arseholes, everybody's got one.
Sean-h is offline   Reply With Quote
Old 03-11-2012, 08:18 AM   #4 (permalink)
Member
 
Join Date: Oct 2011
Location: Toledo, OH
Posts: 70
Default

The reason they can charge 116% interest is because the "loaning institution" is on native american land within the U.S. and gets to act as it's own country because of the treaties our government signed with them. So your state's maximum interest rate protections and the FTC can't be enforced and basically they get to rape your bank account if you are desperate enough or dumb enough to take their money.
AJHXXXIII is offline   Reply With Quote
Old 03-11-2012, 09:24 AM   #5 (permalink)
Veteran Member
 
AcroPhile's Avatar
 
Join Date: Dec 2010
Location: Denver
Posts: 922
Default

On the commercial they admit that the money is expensive but they say it's cheaper than a payday advance. So how much more expensive are payday advances? And how is it they don't get held to maximum interest rate laws if they are even more expensive than Western Sky?
AcroPhile is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 07:49 PM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0 PL2
VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Volleyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums