western sky

Discussion in 'The Okie Corral' started by jakebrake, Jan 20, 2013.

  1. jakebrake

    jakebrake cracker

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    has anyone read the fine print on the screen during these commercials?

    it is

    88.66% interest.

    10,000 loan 84 months 736.00 per month payment

    $61,824.

    :shocked::shocked::shocked:
     
  2. 686Owner

    686Owner NRA Life Member

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    Never heard of it.
     

  3. I'M Glockamolie

    I'M Glockamolie

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    Yep, and they're still better than the payday loans!
     
  4. Huaco Kid

    Huaco Kid

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    "Cheaper than a Payday Lender."

    I'll take it to the casino, double it, and pay it off tomorrow.

    Can't miss.
     
  5. jakebrake

    jakebrake cracker

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    i don't know anything about payday loans. they have got to hover on usury.

    but this have got to be like taking up heroin to help quit drinking.
     
  6. NAS T MAG

    NAS T MAG

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    You don't watch much TV do you? It's commercial is on almost every channel I watch. Native Americans sticking it to the rest of Americans.
     
  7. jakebrake

    jakebrake cracker

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    admittedly, she is kinda cute...just sayin'
     
  8. ddbtoth

    ddbtoth

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    I think they are based on an Indian Reservation and some how that negates some banking laws\regulations about the interest rate. Now if you renege on your payments, I'd be interested to see what they could do to you--civil case I would imagine--or scalp you I guess. :wow:
     
  9. The Fed

    The Fed

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    Not shown in my area.
     
  10. CanMan

    CanMan

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    I looked at their website just for S&G. The 342 APR on the $850 loan really got my attention. Hope no evil black rifle panic buying has been financed through these guys!

    Implications of Non-Payment
    If a payment is more than 15 days late the borrower will be charged $29.00. If payment is returned by borrower’s bank then borrower will be subject to a $29 insufficient funds fee. A borrower may prepay in part or in full at any time without penalty. The holder of the note has the right, after a 30 day grace period, to declare the note immediately due and payable if borrower fails to make a payment. If borrower files for assignment for the benefit of creditors or for bankruptcy then the holder of the note has the right to declare the Note immediately due and payable. If borrower fails to pay the amount due under the note then the borrower may be subject to collection activities. The holder of the note may report to the credit reporting agencies which may affect the borrower’s credit score. This is an installment loan and does not automatically renew.

    I think we'll be seeing a new reality show 'Tribal Mafia' soon.
     
  11. faawrenchbndr

    faawrenchbndr CLM

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    Indians can get around the Consumer Protection laws.
    That interest rate is flat out loan sharking!
     
  12. canis latrans

    canis latrans

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    try those practices as a white guy, Vinnie.

    my guess is the feds would be all over you.
     
  13. jakebrake

    jakebrake cracker

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    earlier today, they southwest indian council called asking for a contribution.....

    i may just give them the phone number for western sky....
     
  14. WarCry

    WarCry

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    A couple of things...

    In the commercial, they state that it is "not cheap" or something along those lines.

    Next, I don't care if they're Native Americans or not. That's got nothing to do with it. Go hang out in a mile or two around the front gates of any military base and see just how many places like this are set up. Payday loans are BRUTAL, and while they're have been some states trying to crack down, they're still out there. White, black, red, green, or purple, it doesn't matter. They're out there.

    And lastly, anyone that gets into one of those deals without knowing what it means, they're responsible for themselves. With all the talk around here about "no personal responsibility" being the reason for so many troubles in this country, trying to say they are preying on anyone is just silly. That's taking the responsibility away from the individual that takes out the loan.

    Yes, I admit that I have been a "victim" of using payday loans. But I've never once complained about it because it was my choice, and I understood the details before I put my signature on the page.
     
  15. jakebrake

    jakebrake cracker

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    warcry.i only posted it as a "can you believe this" kind of thing.

    what is a payday loan? i hadn't heard of these until about 2 weeks ago.
     
    Last edited: Jan 20, 2013
  16. wrenrj1

    wrenrj1

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    That Indian chick has a nice smile though...
     
  17. 97XJ_Sport

    97XJ_Sport

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    That's why I never noticed the insane interest rates.:supergrin:
     
  18. 686Owner

    686Owner NRA Life Member

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    TV is on almost all day long. Kids take turn watching Disney or Nickelodeon, wife watches those home shows and ghost shows. I will sometimes watch a little Conan (and Bing Bang Theory comes on right before) or Jimmy Kimmel. Also watch Top Gear and Mythbusters but they aren't back on yet.
     
  19. 686Owner

    686Owner NRA Life Member

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    You take a loan out today, and pay them back on payday, plus another 10% or 20% or whatever.
     
  20. itstime

    itstime

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    Always bet black.