CashCall…

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:
California Rates

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:
Florida Rates

141.42%! Is that even legal?!

Hawk (NOT borrowing money from them!)

6 Comments

  1. John
  2. Chilly

    When people enter those check cashing places they ought to get knocked to the ground and slapped around a bit before they get the money — at least then they’d know that they’ve been robbed.

    141%?!?! That’s fucking USURY.

    Reply
  3. hawk (Post author)

    I’m just amazed that it’s legal for them to charge over 100% interest. Hell, the Mob doesn’t charge that much!

    Reply
  4. Ann

    thats absolutely insaine! cant believe youd be desperate enough to do that!

    i thought there were laws about that for each state… thats why a good chunk of credit cards are headquartered in delaware becuase delaware allows them to charge higher interest rates..
    oh well.. shows what i know!!!

    Reply
  5. mabel holden

    ilive in md

    Admin Note:

    Damned spammers

    Reply

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