Loan at 25%?

Discussion in 'Ask An Owner Operator' started by 8-j, Jan 23, 2014.

  1. blairandgretchen

    blairandgretchen Road Train Member

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    Dec 9, 2011
    South west Missouri
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    Far out! Are they for real!?
    I've got a secured line of credit at 4.99 on a rental, and an unsecured credit card at 14.99 with a 15k limit.

    People shout me down when I suggest financing establishments need stricter regulations.
     
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  3. haycarter

    haycarter Road Train Member

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    Australia
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    Read This It might Help....

    personal-finance-for-dummies.jpg
     
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  4. Oi!

    Oi! Road Train Member

    1,233
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    Jun 20, 2011
    Florida
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    25% LOL

    Why don't you just get the money from a Jersey loan shark and use to pay cash for a truck? I bet will give you a better rate!!
     
  5. Cman301

    Cman301 Light Load Member

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    Feb 26, 2013
    Maryland
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    If the only way you can buy a truck is to buy it with 25% financing , YOU DON'T NEED TO BE BUYING A TRUCK !!!!!!!
     
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  6. mc8541ss

    mc8541ss Road Train Member

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    Lower Alabama
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    Great company there, they must like you a lot ....... :yes2557:
     
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  7. mc8541ss

    mc8541ss Road Train Member

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    Lower Alabama
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    Really you should report them to OOIDA or someone. That has to be criminal.......I am not a rat but if someone is trying to stick something in my hind end there is going to be a war......and just think, you still work for these a-holes.
     
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  8. gentleroger

    gentleroger Road Train Member

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    Tell you what, I'll loan you the money at 20% Apr. Sure I'll have to borrow from the bank, but if I'm paying 5-6% then my net ROI would still be over 12%.
     
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  9. Dice1

    Dice1 Road Train Member

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    Jul 1, 2011
    Bessemer City, NC
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  10. rickybobby

    rickybobby Road Train Member

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    Jul 10, 2010
    greensboro, nc
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    I would check with your state laws for the cap on intrest rates. That is higher than some of the payday loans.
     
  11. KW Cajun

    KW Cajun Road Train Member

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    Apr 12, 2013
    Copperhead Road
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    If I were you I'd buy a large box of Trojans and set them on your employer's desk with a note saying "To be used with all 25% interest proposals".
     
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