Now here's some happy news...
Tom Littleton wrote:
"Ken Fortenberry" wrote:
It's low-down, sneaky usury is what it is and if
the sleazeballs go belly up because of it, that's fine by me.
If you think providing a contracted service at a publicly stated price is
usury, you haven't seen real usury. By the way, in the real deal, the lender
doesn't often go belly up, but they do find a small percentage of borrowers
in that state.
A 30% interest rate is real usury in my book. Not as bad the 500%
predatory loans of some of these payday operations but still usury
in my book.
--
Ken Fortenberry
|