Quote:
Originally Posted by JSWENSON
Your whole premise is pretty dumb. 30% is high but expected for high risk. The part you are missing is that they offer $2000 on a $8000 car at 30% so they get guaranteed money. 30% interest that compounds for months on end or a car worth multiples of what they loaned. They are fine.
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They're still being robbed by the 30% limit because these idiots would pay far far more. Who in the world would want to loan money at 30% when they could loan it out at 200%+++ in another state?