Quote:
Originally Posted by EscortBiz
based on a episode and obviously this is TV, it seems they work on 25% or so margins some months less i guess some more
|
25% my ASS I think the legal lending limit in Canada is like 60% per annum(not sure about US) after that its usery. Dont think most people operating business like that wont take advantage. If you lend money on a piece of jewellery, you cant really loan any more than about 10% of retail value, because if you get stuck with it, you are fucked.