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re: Just took on a client who took out pay day loans
Posted on 2/5/18 at 1:05 pm to jiffyjohnson
Posted on 2/5/18 at 1:05 pm to jiffyjohnson
quote:
It's a 700 dollar loan. How much collateral do you think the bank needed that he didn't have to cover that? You really gonna go with "it didn't have anything to do with his credit" ?
I don't know the dude's situation, but I would think that if he could have gone somewhere and got a cheaper rate, he would have.
1
Posted on 2/5/18 at 1:12 pm to OweO
Oh no doubt. I'm just saying this had to be a guy that agreed to terms he couldn't handle and then got so past due that he had to set up for autodraft payments twice a month. It doesn't take alot to see that he was probably past due for the entire balance and/or had court costs and attorneys fees added on.
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