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Here we go again ... subprime stupidity

Feb. 3, 2015, 8:37 a.m.
Posts: 7707
Joined: Sept. 11, 2003

I would like you to lone me cash for an amphibious RV so I can take my family to Hawaii.

I think you'll need a Lone Arranger, not a bank for one of those.

Feb. 3, 2015, 8:38 a.m.
Posts: 15971
Joined: Nov. 20, 2002

the unsophisticated borrower how about money mart payday loans?

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British Columbia Loan Fees: $23.00 per $100.00
Ontario Loan Fees: $21.00 per $100.00
Alberta Loan Fees: $23.00 per $100.00
Nova Scotia Loan Fees: $25.00 per $100.00
Saskatchewan Loan Fees: $23.00 per $100.00

British Columbia APR = 599.64% (based on a loan term of 14 days)
Ontario APR: Annual Percentage Rate = 547.50% (based on a loan term of 14 days)
Alberta APR: Annual Percentage Rate = 599.64% (based on a loan term of 14 days)
Nova Scotia APR: Annual Percentage Rate = 651.79% (based on a loan term of 14 days)
Saskatchewan APR: Annual Percentage Rate = 599.64% (based on a loan term of 14 days)

Consider there are people out there who can't even get credit at any cost, I seen people pay all their bills with postal money orders, the post office manager told me this is common cuz the banks won't deal with some people

And some people just pay cash,I met this guy from alaska who makes ass loads of money has the house/truck/sled lots of toys but at age 30-40 something he had never used credit of any kind which is fine until he runs out of cash down in mexico, I told him dude your fiscal responsibility is commendable but you got no credit rating so get some cards use them a little [HTML_REMOVED] pay em off

Feb. 3, 2015, 8:58 a.m.
Posts: 1036
Joined: Aug. 10, 2003

Ha, I just got the same home depot card. Wasn't that interested but they gave me $50 off my purchase so I caved. They pointed out I could just cancel it right away if I didn't actually want it.

Crazy the difference from when I moved down to the US and had no credit. Even the commercial banking manager at my company's bank couldn't pull enough strings to get me a credit card for the first year.

Feb. 3, 2015, 9 a.m.
Posts: 1036
Joined: Aug. 10, 2003

Yeah we have half a dozen people in our office down here who do not have bank accounts. We have to give them paper paychecks and they go cash them at, well, wherever you cash paper checks when you don't have a bank account.

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