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  1. 07-03-2007, 12:28 PM #1
    DixieJ
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    Default QuickClick Loans ..Yikes!!

    I got one those mass mailing type offers the mail today from QuickClick Loans.
    I just happened to notice the interest was 96%!! I got to thinking, there's probably people so desperate they would pay that kind of interest. I personally think that kind of rate shouldn't be legal.

    Dixie Jean
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  2. 07-03-2007, 12:37 PM #2
    Spark
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    Default

    I totally agree. I posted not that long ago about that Gary Coleman commercial. The interest rate was similar, making like a $1200 loan take over 3 yrs to pay off. Insane.
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  3. 07-03-2007, 01:08 PM #3
    fuzzybunny
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    Ouch! Thank Heavens our legislature in Oregon just passed a cap for those payday loan types. They can't charge more than 36%. Still outrageous but it's a start.

    Christine
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  4. 07-03-2007, 01:14 PM #4
    Katybird
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    Yikes! That is horrible. It is a shame that people get in to desparate enough situations that they use those types of places. I wonder if they send Tony Soprano out with a baseball bat to break the knees of the people who don't pay.
    “Books are the treasured wealth of the world and the fit inheritance of generations and nations.” --Henry David Thoreau



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