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HomeCar Title Loans: “There to Rip You Off”
Posted by Larry Doyle on July 18th, 2011 9:10 AM |
What is your mental image of a business which earns a 300% annualized rate of interest?
Did somebody say, “shady characters hanging out on a street corner with a large wad of bills”?
Who said, “guys driving around in cars with dark tinted windows”?
How about, “typical loan sharks”? Perhaps all of the above?
Is there a legitimate business in our nation today which might be able to charge a 300% annualized rate of interest? Well, I guess that would depend on how one defines legitimate. I think it would be safe to say that if you are doing business with somebody who charges a 300% annualized rate of interest, you would want to be VERY CAREFUL. What type of business has got these kind of rates? (more…)
