carlton_fritz
09-22-2012, 3:25pm
Got a credit ap in the mail. Fine print,
First time Plain Green customers typically qualify for an installment loan of $250 to $1000, with an APR of 299.17% to 378.96%, or up to 40% less than the average 603.84% APR for a payday loan. For example, a $700 loan from Plain Green at 364.00% APR would require 14 bi-weekly installment payments of 116.63....
it goes on, but you get the idea. Sadly, some people are stupid enough to fall for it.:slap:
First time Plain Green customers typically qualify for an installment loan of $250 to $1000, with an APR of 299.17% to 378.96%, or up to 40% less than the average 603.84% APR for a payday loan. For example, a $700 loan from Plain Green at 364.00% APR would require 14 bi-weekly installment payments of 116.63....
it goes on, but you get the idea. Sadly, some people are stupid enough to fall for it.:slap: