Western Sky Financial Commercial - PowerStrokeNation : Ford Powerstroke Diesel Forum
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post #1 of 13 (permalink) Old 11-30-2011, 12:48 AM Thread Starter
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Western Sky Financial Commercial

Has anyone seen the commercials? Did you read the fine print?

234% interest

Rates

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post #2 of 13 (permalink) Old 11-30-2011, 02:07 AM
Yeah, it's like that
 
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Re: Western Sky Financial Commercial

$4800 over 2 yrs for $1000 isn't bad, if you're the investor. Really, I don't know that is really any worse than those check places. They charge like 10% for a week. Do the math.

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post #3 of 13 (permalink) Old 11-30-2011, 02:21 AM Thread Starter
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Re: Western Sky Financial Commercial

How about $40k to pay back the $5k loan

Crazy

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post #4 of 13 (permalink) Old 11-30-2011, 11:35 AM
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Re: Western Sky Financial Commercial

go to the website and read the fine print there..... its crazy. they also state that it is ran from a reservation, so their lending laws apply, but its not affiliated with any american indian tribe.

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post #5 of 13 (permalink) Old 11-30-2011, 06:52 PM
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Re: Western Sky Financial Commercial

I believe that businesses have a right to make money, but there comes a point where they are preying on the financial ignorance of people that are already poor. They are also preying on people that have drug problems and those that are just desperate because a needed car broke down or a loved one is sick.

I saw a little news bit about how many of our troops subsist on these kinds of loans week after week completely eating up there paychecks and any chance at getting ahead.

Maybe there should be a law? I don't know. A max rate? Or possibly a max spread that says something like the highest interest rate charged can't be more than 5x the published standard or something?

Anyone that ever for a second thinks that Capitalism is self regulating only needs to look at something like this to know better.

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post #6 of 13 (permalink) Old 12-01-2011, 05:01 PM
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Re: Western Sky Financial Commercial

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Originally Posted by Suns_PSD View Post
I believe that businesses have a right to make money, but there comes a point where they are preying on the financial ignorance of people that are already poor. They are also preying on people that have drug problems and those that are just desperate because a needed car broke down or a loved one is sick.

I saw a little news bit about how many of our troops subsist on these kinds of loans week after week completely eating up there paychecks and any chance at getting ahead.

Maybe there should be a law? I don't know. A max rate? Or possibly a max spread that says something like the highest interest rate charged can't be more than 5x the published standard or something?

Anyone that ever for a second thinks that Capitalism is self regulating only needs to look at something like this to know better.

there ar elimits, here in the US, but this particular one is operated off of a reservation, so our laws do not apply. I know what you ar esaying about the military thing, alot of my friends got into trouble "floating" checks at these places

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post #7 of 13 (permalink) Old 12-01-2011, 05:36 PM
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Re: Western Sky Financial Commercial

indians making the pale faces pay for sticking them on a reservation!!!


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post #8 of 13 (permalink) Old 12-01-2011, 05:41 PM
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Re: Western Sky Financial Commercial

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Originally Posted by Suns_PSD View Post
I saw a little news bit about how many of our troops subsist on these kinds of loans week after week completely eating up there paychecks and any chance at getting ahead.

Most bases have a policy preventing anyone from using those types of places. If your caught using one you stand to get a JP or if your lucky a NJP.

But they do prey on the military personnel, they built swarms of these payday loan places out side of bases.


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post #9 of 13 (permalink) Old 12-01-2011, 10:06 PM
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Re: Western Sky Financial Commercial

Well my foolish sister uses these loans and it drives me nuts! I have told her time and time again to stay away, but does she listen????? Madness! I get calls from these places because they want verification, cause she uses my name as a reference. I'll be damn if I pay a cent to save her arse from one of these places.
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post #10 of 13 (permalink) Old 12-02-2011, 03:22 AM
Yeah, it's like that
 
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Re: Western Sky Financial Commercial

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Originally Posted by Binderpower View Post
Well my foolish sister uses these loans and it drives me nuts! I have told her time and time again to stay away, but does she listen????? Madness! I get calls from these places because they want verification, cause she uses my name as a reference. I'll be damn if I pay a cent to save her arse from one of these places.
Do your sister a favor, we will say her name is Cindy (I don't know her name) the next time one of those places call just say "Cindy who? I don't know who that is."

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