2007-01-05 11:03:08 · 4 answers · asked by jojamz1 2 in Business & Finance ➔ Credit
Yes - one legal kind are those corner loan stores that have you paying 40% interest, or they take your house, cars, first born, etc.
2007-01-05 11:07:31 · answer #1 · answered by CC 4 · 1⤊ 0⤋
of course yes. There are always people who need money who can't go to a bank. "loan sharks", predatory lenders, whatever you call it. They loan $$ to the poor people who cant go to the bank, then strongarm them if things turn south.
2007-01-05 11:12:40 · answer #2 · answered by ray 3 · 0⤊ 0⤋
Yes, there are...unfortunately. Yes, they are illegal and usually NEVER get caught. Use caution because when the money is 'demanded in full' you'd better have it.
2007-01-05 11:06:55 · answer #3 · answered by chole_24 5 · 0⤊ 0⤋
Yeah....see, I got this guy down in, erah....Brooklyn, yeah. Won't charge you an arm and a leg unless you don't pay him his 1,000% "APR".
Seriously, there are PLENTY of them out there.
2007-01-05 15:51:01 · answer #4 · answered by ? 7 · 0⤊ 0⤋