Friday, May 23, 2014 6:26:29 AM
As an example,
Some people get mad with a title loan company. 270% interest. Yes- it is outright ridiculous. But I borrowed money @ 270% the other day, had it out only one day, doubled the money I had borrowed and paid only .75% on it.
It's toxic horrible credit, but if used properly, it can be used to further the goals you have.
But it requires actual WORK. Do some WORK, Mr. Lloyd. I borrowed money at 270% and used it to buy a load of plywood. It was a huge pain in the *** and I had to drive 100 miles and everything else, but I did what it took to make money that day.
Be more like me and your investors could benefit. Your company could grow. It is never too late.
I want to know where the money went. The money he borrowed. Keeping lights on? Paying employees? Or did it go to his personal easy street fund?
If it at least went for things that make sense- and he truly was trying to keep the company going- I forgive him, here and now. I understand that debt can go out of control very quickly- especially this kind of debt.
If it went in his pocket while so many people were harmed- I want some of our teeth back in like kind.
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