3% a week is the standard fee.
On a thousand dollar loan your weekly payment is $30.
Some guys offer "knockdown" loans, where you pay some principle witheach payment.
All in all I would recommend this practice highly, but only in a pinch.
One guy around here charges me only 1 point a week.
On a thousand dollar loan your weekly payment is $30.
Some guys offer "knockdown" loans, where you pay some principle witheach payment.
All in all I would recommend this practice highly, but only in a pinch.
One guy around here charges me only 1 point a week.
Leo settle down and give me some winners
Loan Sharks are a good thing if you use them correctly. I at times go to them when in a tough bind or just need some cash. The interest is high unless you know the guys. The key is to know your shark and get to know his ways. I would not reccomend sharks that have quick fuse and are demanding with payments.
Blue the best thing with shark is you do not have to go to fukkin banks and fill out 12 forms and ****. It is a pain in the ass waiting in line to see loan manager like the rest of the degenerates and you know every guy in line.
I bet if we all lived in the same town on Mondays almost every RX guy would be waiting in line to get loans from gambling loses.
Sharks you get approved instantly and the cash is in your hands real quick like instantly and usually for some strang reason the money is new. I love new money. Pay up days come quickly so manage the cash well. Shopping for the best loan rate?? Well most guys are basically the same and like I said before if you know the guy you might get a 1/4 point per week. I knew my guys since I grew up so was lucky and never really had to go to 1 point per week.
I would reccomend sharks to guys that are experienced adn know how to mange money and willing to pay high interest in return for quick and no paper work approval. I have done both.
Lots of non gamblers also use sharks just to skip loan process at bank Have a plan and make sure you can come up with at least interest payment each week. These guys are not bad guys but just business men and just try to grind out living.
Loan Sharks are a good thing if you use them correctly. I at times go to them when in a tough bind or just need some cash. The interest is high unless you know the guys. The key is to know your shark and get to know his ways. I would not reccomend sharks that have quick fuse and are demanding with payments.
Blue the best thing with shark is you do not have to go to fukkin banks and fill out 12 forms and ****. It is a pain in the ass waiting in line to see loan manager like the rest of the degenerates and you know every guy in line.
I bet if we all lived in the same town on Mondays almost every RX guy would be waiting in line to get loans from gambling loses.
Sharks you get approved instantly and the cash is in your hands real quick like instantly and usually for some strang reason the money is new. I love new money. Pay up days come quickly so manage the cash well. Shopping for the best loan rate?? Well most guys are basically the same and like I said before if you know the guy you might get a 1/4 point per week. I knew my guys since I grew up so was lucky and never really had to go to 1 point per week.
I would reccomend sharks to guys that are experienced adn know how to mange money and willing to pay high interest in return for quick and no paper work approval. I have done both.
Lots of non gamblers also use sharks just to skip loan process at bank Have a plan and make sure you can come up with at least interest payment each week. These guys are not bad guys but just business men and just try to grind out living.
funny noreaga....should have known it would be you that would think i was asking because i was going to ask for a loan....Noreaga said:
if u must know......i asked because my brother in law has found himself in hot water and i cannot give him the money he needs......
i am concerned about him and was trying to think of anything to help get him out of trouble....
I don't always recommend what I am about to suggest, but it's certainly better than a loan shark.
IF you have good credit, high credit limit, and a minimum of two credit cards, take out a cash advance (some CC's only give you a portion of what you can take out cash wise vs. your credit line, some allow you to use have all cash up to your credit limit ---> MBNA America). After you take out the cash advance, log in to your CC's website and check their offer for balance transfers. Transfer you cash advance credit card over to the credit card with the special balance transfer rate and you will SAVE money this way, instead of paying 18 - 24 % interest on the cash advance.
Watch for any balance transfer fees, which can be up to $50.00. These fees can be waived, as they ARE negiotiable. Also, depending upon your credit, the transfer rate should be from anywhere between 0 % for up to 6 months or even a year, to 3.9 - 6.9 for the life of the balance (AT&T Universal is offering 3.9%, no balance transfer fees for the life of the balance. AMEX is offering 6.9%, no balance transfer fees for the life of the balance).
Hope this helps.
Chalk
IF you have good credit, high credit limit, and a minimum of two credit cards, take out a cash advance (some CC's only give you a portion of what you can take out cash wise vs. your credit line, some allow you to use have all cash up to your credit limit ---> MBNA America). After you take out the cash advance, log in to your CC's website and check their offer for balance transfers. Transfer you cash advance credit card over to the credit card with the special balance transfer rate and you will SAVE money this way, instead of paying 18 - 24 % interest on the cash advance.
Watch for any balance transfer fees, which can be up to $50.00. These fees can be waived, as they ARE negiotiable. Also, depending upon your credit, the transfer rate should be from anywhere between 0 % for up to 6 months or even a year, to 3.9 - 6.9 for the life of the balance (AT&T Universal is offering 3.9%, no balance transfer fees for the life of the balance. AMEX is offering 6.9%, no balance transfer fees for the life of the balance).
Hope this helps.
Chalk
Krack,
I don't get it...why are they scum? I'm talking about the ones who are up front about what they offer. They tell you when you ask for the money that the interest will be so-and-so and that if you miss a payment they chop off your fingers and toes. Then if you accept their conditions, miss a payment and take the consequences, isn't it your problem? I mean nobody is forcing anyone to use their services and there seems to be a demand for it.
I don't get it...why are they scum? I'm talking about the ones who are up front about what they offer. They tell you when you ask for the money that the interest will be so-and-so and that if you miss a payment they chop off your fingers and toes. Then if you accept their conditions, miss a payment and take the consequences, isn't it your problem? I mean nobody is forcing anyone to use their services and there seems to be a demand for it.
