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Message
re: Republic Finance moving headquarters from Baton Rouge to Plano, Texas
Posted on 5/16/22 at 5:18 pm to Box Geauxrilla
Posted on 5/16/22 at 5:18 pm to Box Geauxrilla
quote:
I actually interviewed there right after college and they asked me “how would you feel selling people 25%+ APR loans?” I just couldn’t do that in good faith.
They basically said on a daily basis they call their existing loan accounts and “see how we can get them some more money they need (by selling them another loan)”. Awful business, I couldn’t do it.
Agreed...I had to audit a few of those places and I always hated it. They're basically legal loan sharks.
Good riddance
Posted on 5/16/22 at 8:12 pm to iAmBatman
quote:When I was in public accounting they were my main clients. Republic actually being one of them
Agreed...I had to audit a few of those places and I always hated it. They're basically legal loan sharks.
Was sad the days I was on site working and some of the poor souls that would come into that place and what they would put up as collateral
The checks they randomly mail to people is the worst part. Mailing someone with a terrible credit score a check for 1,000, where all they have to do is go cash it. But then they are on the hook for 24% interest
This post was edited on 5/16/22 at 8:14 pm
Posted on 5/16/22 at 9:17 pm to iAmBatman
quote:
Agreed...I had to audit a few of those places and I always hated it. They're basically legal loan sharks.
Even the loan sharks are scared to stay in BR.
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