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I got curious about that cashtrain thing and looked at their website.

36.5% interest over 4 weeks!!!!

who could be that desperate!

oh that's right drug dealers

It's desperate people that have been declined by real banks mostly.

people pay credit with credit and will do anything to get debt collectors off their backs. whilst major lenders are strictly bound by the nccp and will not engage in this type of lending, these small non bank entities somehow manage to fly under the radar. as do many 3rd party collection agencies

a couple of weeks ago i had a customer that had refinanced his homeloan with some small shitty company @ 11.5% ffs

It's desperate people that have been declined by real banks mostly.

people pay credit with credit and will do anything to get debt collectors off their backs. whilst major lenders are strictly bound by the nccp and will not engage in this type of lending, these small non bank entities somehow manage to fly under the radar. as do many 3rd party collection agencies

a couple of weeks ago i had a customer that had refinanced his homeloan with some small shitty company @ 11.5% ffs

home loan at 11.5%? dafuq?

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