- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Republic Finance moving headquarters from Baton Rouge to Plano, Texas
Posted on 5/16/22 at 9:17 pm to iAmBatman
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.
0
Posted on 5/16/22 at 9:36 pm to Papercutninja
quote:
The “free” market
At 25% APR is about far from free and close to illegal rates.
Loan sharks serve a market need not unlike drug dealers do.
Choice!
Posted on 5/16/22 at 9:46 pm to Turf Taint
quote:
At 25% APR is about far from free and close to illegal rates.
Aren't most if these loan unsecured? What is a fair price for a sub prime unsecured loan?
For reference, a prime credit card rate is ~17%.
Posted on 5/16/22 at 9:59 pm to B2 Bomber
Lot of white collar jobs have left Louisiana over the last two years. Freeport McMoran just gave up it’s 120k sq ft lease on Poydras and GE gave up its 60k sq ft space.
Only market adding corporate is five space in Louisiana is the Northshore.
Only market adding corporate is five space in Louisiana is the Northshore.
Posted on 5/16/22 at 10:01 pm to MrLSU
Yeah jobs like this are fleeing this state and have been for years. Even our home grown companies. But frick them for charging people with bad credit high interest rates. We'll make do with government jobs and chemical plants.
Posted on 5/16/22 at 10:13 pm to SPEEDY
More like Free Republic of Texas Finance
Posted on 5/16/22 at 10:16 pm to The Boat
quote:
Rex Ellison, CEO of Republic Finance
Tiny head
Posted on 5/16/22 at 10:19 pm to danilo
quote:
Tiny head
With BDE
Posted on 5/16/22 at 10:25 pm to B2 Bomber
quote:
BDE
Big Debt Energy?
Posted on 5/17/22 at 6:31 am to danilo
Goofy looking dude
This post was edited on 5/17/22 at 6:32 am
Posted on 5/17/22 at 6:34 am to GentleJackJones
quote:until they start house shopping
Pretty awesome news if you're an employee.
Posted on 5/17/22 at 6:38 am to B2 Bomber
quote:
At 25% APR is about far from free and close to illegal rates. Aren't most if these loan unsecured? What is a fair price for a sub prime unsecured loan? For reference, a prime credit card rate is ~17%.
To be fair, a lot of their clients wouldn’t be able to loan money for any lower due to the risk being so high to default.
Given that, sending checks and marketing to them specifically to try and get them to spend more money is morally corrupt. You are basically pushing people to go into more bad debt to make money.
Posted on 5/17/22 at 6:41 am 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
This does not sound much different (actually pretty much the same) from what credit card companies do millions of times a day in the promo emails they send out for new credit cards
Posted on 5/17/22 at 7:22 am to fallguy_1978
quote:Sounds like a winning policy.
We'll make do with government jobs and chemical plants.
Posted on 5/17/22 at 7:30 am to hubertcumberdale
I worked at a similar place out of college
Ultimately I hated it and quit after 6 months but I actually had less sympathy for these people after working there and hearing their BS stories as to why their credit report shows they have never, ever paid any back in their life, but we should still loan them money to buy a motorcycle?
What struck me as the craziest is that I’d say about 10% of people actually asked me what the rate was. All anyone cared about was the monthly payment. The rate was in giant font on the disclosures but basically no one ever said anything about it.
We’d also have to repo cars. After the repo company would drop it off, we’d have to clean it and catalog EVERYTHING. Weren’t allowed to throw anything away. Fast food wrappers, dirty socks, etc. All went on a list and in a bag. Gross. Of course, inevitably they’d claim they had cash or jewelry or “important” paperwork in the car. Yeah, sure you did. They’d tell us we’d be hearing from their lawyer and that’s the last we’d hear from them.
Occasionally I’d actually feel for someone but it was rare. The older folks with high drug/medical costs that just wanted to buy some old beater were tough. Didn’t enjoy that at all.
Ultimately I hated it and quit after 6 months but I actually had less sympathy for these people after working there and hearing their BS stories as to why their credit report shows they have never, ever paid any back in their life, but we should still loan them money to buy a motorcycle?
What struck me as the craziest is that I’d say about 10% of people actually asked me what the rate was. All anyone cared about was the monthly payment. The rate was in giant font on the disclosures but basically no one ever said anything about it.
We’d also have to repo cars. After the repo company would drop it off, we’d have to clean it and catalog EVERYTHING. Weren’t allowed to throw anything away. Fast food wrappers, dirty socks, etc. All went on a list and in a bag. Gross. Of course, inevitably they’d claim they had cash or jewelry or “important” paperwork in the car. Yeah, sure you did. They’d tell us we’d be hearing from their lawyer and that’s the last we’d hear from them.
Occasionally I’d actually feel for someone but it was rare. The older folks with high drug/medical costs that just wanted to buy some old beater were tough. Didn’t enjoy that at all.
Posted on 5/17/22 at 8:00 am to Box Geauxrilla
quote:
Sorry the loan sharks are leaving town.
Aren't they the same type of operation as Tower Loan and Friendly Finance?
Posted on 5/17/22 at 8:11 am to SPEEDY
Their main operations has been in Richardson, TX for a few years. All that’s changed is that they are building a new office in Plano for those employees in Richardson.
They have also been majority owned by an international investment firm for a few years as well.
They have also been majority owned by an international investment firm for a few years as well.
This post was edited on 5/17/22 at 8:12 am
Posted on 5/17/22 at 8:17 am to Ancient Astronaut
quote:
Turning its back on Louisiana
Should be the slogan of educated people from the state, sadly many stay and suffer
Posted on 5/17/22 at 8:48 am to MrLSU
quote:
Only market adding corporate is five space in Louisiana is the Northshore.
There are a few expansions in Baton Rouge, but none of them are 100K square foot or more.
Louisiana sucks at attracting white collar jobs.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News