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Re: elvisonfire post# 34922

Tuesday, 01/31/2017 4:42:33 AM

Tuesday, January 31, 2017 4:42:33 AM

Post# of 84375
Uhh incase you didn't know. "Predatory lending" is highly lucrative. It's why they exist everywhere the returns on the loan (if done well) are astronomical considering there is COLLATERAL in case the person doesn't pay back that loan! say they loan out $1000 on a car title that's worth $3k IF that person just keeps the money they can turn around and sell the car and make $200% !!!!! If they only pay back half the laon ($500) they can liquidate the car and get their money back plus 500%