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Old 03-22-2023, 11:18am   #1
Louie Detroit
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Default Has anyone here ever borrowed money from a Loanshark?

If so, what was the vig?
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Old 03-22-2023, 11:27am   #2
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Are you ****in’ kidding? All the ballers at this place? LOAN?




Loan.
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Old 03-22-2023, 11:28am   #3
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[Kurtis Blow] "you borrowed money from the mob, and yesterday you lost your job" [/Kurtis Blow]
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Old 03-22-2023, 11:33am   #4
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does a home equity loan count?
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Old 03-22-2023, 11:34am   #5
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Yup, had to double the amount borrowed….
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Old 03-22-2023, 11:39am   #6
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Quote:
Originally Posted by Don Rickles View Post
Yup, had to double the amount borrowed….
The vigorous was 100%?

😲
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Old 03-22-2023, 11:45am   #7
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Tony hated to pay the vig, had no issues with collecting it:

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Old 03-22-2023, 11:53am   #8
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Just my dad when I was 20, he made sure I never wanted to do that again.
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Old 03-22-2023, 11:56am   #9
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Quote:
Originally Posted by Giraffe (He/Him) View Post
The vigorous was 100%?

😲


20k/40k 6 month term
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Old 03-22-2023, 12:34pm   #10
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How about those that have been a loan shark ?
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Old 03-22-2023, 3:24pm   #11
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Quote:
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How about those that have been a loan shark ?




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Old 03-22-2023, 3:27pm   #12
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Quote:
Originally Posted by Giraffe (He/Him) View Post
Are you ****in’ kidding? All the ballers at this place? LOAN?




Loan.
I'm no baller but thankfully my days of borrowing money are long gone.

I have never loaned anyone money and I never will.
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Old 03-22-2023, 3:28pm   #13
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My Uncle used them alot to keep his business going, 20% think it was for a week IIRC.
He floated me a small loan long ago using his guy, he paid the interest for me.
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Old 03-22-2023, 4:40pm   #14
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I did. I borrowed $3K from the girl who was my girlfriend at the time. I paid the cash back, but instead of interest, I had to marry her. Shit, if I could tell you what that has already cost me! I'm still payin' too I tell you, no end in sight. Take it from me, don't ever do that shit, it ain't worth it!
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Old 03-22-2023, 4:52pm   #15
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Many years ago from "friends" of my crazy Russian pal.

Anything under $50k and it was 10% but you had 2 weeks. I paid several days early.
Scott
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Old 03-22-2023, 4:55pm   #16
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Quote:
Originally Posted by Giraffe (He/Him) View Post
The vigorous was 100%?

😲
*vigorish
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Old 03-22-2023, 6:51pm   #17
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Quote:
Originally Posted by Onebadcad View Post
Tony hated to pay the vig, had no issues with collecting it:

The Sopranos - Hesh loans Tony Soprano 200k - YouTube
Aw Man love that show....Going to have to watch it again... for the third time
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Old 03-22-2023, 8:35pm   #18
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My first mortgage was almost 11%, plus PMI. That's loan shark territory.
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Old 03-23-2023, 12:38am   #19
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Quote:
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My first mortgage was almost 11%, plus PMI. That's loan shark territory.
Nobody cares ...Yadem....STFU
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Old 03-23-2023, 1:02am   #20
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Quote:
Originally Posted by Rodnok1 View Post
My Uncle used them alot to keep his business going, 20% think it was for a week IIRC.
He floated me a small loan long ago using his guy, he paid the interest for me.
Sounds like a good Uncle to me!
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