Quote:
Originally Posted by SallyRand
Here in Kansas athe maximum rate is indeed 120% per year but becase of repeat loans to the same customers and some other strange shit, the EFFECTIVE interest rate for most shops approaches 160%, which is kind of nice, plus you have to consider resale of forfeited items...........................................
Not to mention buying gold, silver, platinum and palladium at around 40-50% of scrap value and there are "ways" to *lower* your gross and taxable income without raising too many eyebrows.
Nice $ but you do have to know what you are doing.
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Holy christ I had no idea they were buying metals at half of scrap!!!! That is incredible!!!
What is the strange shit? Some kind of added fees? 4 week (28 day) instead of full month terms? What?