Sitting in my room yesterday I saw an ad for CashCall, one of those “You need money, we’ll screw you over but good!” places and their disclosure flicked by in the typical 4 pt font and 2 seconds to read small print. I wasn’t paying too much attention to the tube but I swore I saw 99% interest listed. I didn’t think any company could possibly advertize a rate that insanely high so I checked out their web page….
Sadly, I wasn’t wrong:
Let’s do that math; If you live in California and you borrow $2,600 from CashCall you’ll end up paying them BACK $9,095.10. If you’re stupid enough to borrow $5,075 you’ll end up paying $24,738 back to these bloodsuckers.
Just for shits and giggles I’m including the rates for my state, Florida:
141.42%! Is that even legal?!
Hawk (NOT borrowing money from them!)