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Old 07-16-2011, 09:08 AM  
MrMaxwell
Too lazy to set a custom title
 
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Join Date: Jul 2005
Posts: 10,057
Quote:
Originally Posted by SallyRand View Post
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.
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?
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