Quote:
Originally Posted by GreyWolf
The main loan sharks are banks and financial institutions who dress themselves up in legalities and color brochures 
Only knew one "loan shark" tho only met him a few times thru other contacts - but he was a vicious son of a bitch, despite he had plenty assets (at least over $30 mill - that we know of).
His speciality - tho he never got involved personally, was to dump his defaulters down a manhole (not sure it's the same terminology elsewhere - these holes in the road!) and pour gas down the hole and a match after it. Nice guy. These incidents were often news reports and was his method of reminding other borrowers that they owed him money.
He's in his 60's now and last time I saw him, he was in a supermarket toddling along behind his new "mail order bride" - obviously totally devoted and in love But... he's still a dangerous man and vicious if anyone defaults. Strange character. |
I like him already. Good way to do business, keeps the customers in line. Wish I could bring myself to kill a few of my deadbeat customers rather than merely file suit against them.
Quote:
Originally Posted by tony404
loan sharks,I got a letter today from my credit card company.They changed the agreement and the best part was if you are late with a payment or go over your credit limit. Your rate goes to 32.24%. Thats fucking crazy and there was a time you hit your limit you couldnt charge anymore, now they let you go over so they can bang you up the ass. its legal loan sharks.
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Mine put that in there as well a few months ago, got it as a bill insert with my statements, its 9.9% as long as I pay on time, etc. But if I mess up, they fucking send it up to 39.8%.
Which is why I don't feel sorry for banks when they get robbed or fucked over or people overextend themselves and cant pay and file on them. With tactics like this, they make alot of their own problems. They bleed their customers dry and then wring their hands to congress saying people are stiffing them on thier debts. Cry me a fucking river, ya know?