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Thread: With an APR of only 116%, how could you NOT borrow?!

  1. #21
    Club Member DetroitStyle's Avatar
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    Quote Originally Posted by Golden View Post
    Yeah, I agree on both points. But how the hell does somebody make that monthly payment if they don't have the money to begin with?
    They don't. But even if they make the payments for a year, the loan makes a profit.
    1994 Yamaha YZF-750R / 1993 Honda CBR900RR / 1991 Kawasaki ZX-7 / 1992 Kawasaki ZX-7R / 1993 Kawasaki ZX-7 / 1989 Suzuki GSXR-750

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    Club Member red347lx's Avatar
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    Off Topic: Anyone see the diclaimer on the direct tv commercial where the guy is laying under the ice during a hockey game? It says "this should not be attempted without longjohns" thought it was kinda funny.

  3. #23
    Captain Slow AutoEuphoria's Avatar
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    They don't. But even if they make the payments for a year, the loan makes a profit.
    They probably have VERY close ties to more than a couple collection agencies.
    Tyler
    2003 WW Evolution 8

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