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Western Sky Loans commercial

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  • Mikey
    Verbose Member
    • Aug 9, 2001
    • 47258

    Western Sky Loans commercial

    Ever see their commercials and read the small print ?

    Is charging that much interest this even legal ?

    http://www.youtube.com/watch?v=Z1qWoOljtjE

    m
  • MegoMark71
    Permanent Member
    • Dec 18, 2008
    • 3383

    #2
    Wow get $5,000 pay back $40,000 i wonder if any idiot actually did it?

    Comment

    • Adam West
      Museum CPA
      • Apr 14, 2003
      • 6822

      #3
      I can't read anything other than 116%+ interest? There are usury laws from state to state which limit how much a company can charge. With that said; I think Indian Reservations do not have to follow state laws so it's probably legal for them to do it.
      "The farther we go, the more the ultimate explanation recedes from us, and all we have left is faith."
      ~Vaclav Hlavaty

      Comment

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