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Thread: QuickClick Loans ..Yikes!!
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07-03-2007, 12:28 PM #1
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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07-03-2007, 12:37 PM #2
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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07-03-2007, 01:08 PM #3
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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07-03-2007, 01:14 PM #4
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.
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