55.99% apr???

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  • PingPong
    SBR Wise Guy
    • 11-10-08
    • 988

    #1
    55.99% apr???
    so i got a "great offer" in the mail today from wachovia, a check for $1200. on the back in fine print it mentions that the APR is f*cking 55.99%. are they f*cking high? has anyone ever seen an APR this high?
  • big joe 1212
    SBR Posting Legend
    • 06-01-08
    • 19380

    #2


    I'd be on the way to the bank to cash right now!
    Comment
    • pavyracer
      SBR Aristocracy
      • 04-12-07
      • 82900

      #3
      I'm pretty sure andywend made that decision to offer you credit at a 55.99% APR.
      Comment
      • 13th Inning
        SBR Wise Guy
        • 08-05-08
        • 878

        #4
        That's almost as bad as CashCall, with their 139% interest rate.

        CashCall offers unsecured personal loans. Apply online or call us today and get cash deposited as soon as tomorrow.


        Comment
        • pavyracer
          SBR Aristocracy
          • 04-12-07
          • 82900

          #5
          Originally posted by 13th Inning
          That's almost as bad as CashCall, with their 139% interest rate.

          CashCall offers unsecured personal loans. Apply online or call us today and get cash deposited as soon as tomorrow.


          This is what we call legal robbery.
          Comment
          • PingPong
            SBR Wise Guy
            • 11-10-08
            • 988

            #6
            hmm maybe i'll cash it, bet all of it on cfb, nba, and nfl the next few weeks and pay it off the first month
            Comment
            • lyon804
              SBR Hall of Famer
              • 11-02-09
              • 6526

              #7
              Originally posted by PingPong
              so i got a "great offer" in the mail today from wachovia, a check for $1200. on the back in fine print it mentions that the APR is f*cking 55.99%. are they f*cking high? has anyone ever seen an APR this high?
              If you don't own any tangible property and could careless about your credit score I say cash it and tell them phuck you if you can't take a joke
              Comment
              • big joe 1212
                SBR Posting Legend
                • 06-01-08
                • 19380

                #8
                Think of it this way.
                Cash it, deposit into a book with 20% cash bonus. You get $240 bonus. If you pay back the 55%apr within a month, it would be a lot less than $240! Just make sure you win and cash out!
                Comment
                • PingPong
                  SBR Wise Guy
                  • 11-10-08
                  • 988

                  #9
                  Originally posted by big joe 1212
                  Think of it this way.
                  Cash it, deposit into a book with 20% cash bonus. You get $240 bonus. If you pay back the 55%apr within a month, it would be a lot less than $240! Just make sure you win and cash out!
                  lol easier said than done, but i have been pretty hot lately. anyone know which credible sportsbook offers the highest signup bonus?
                  Comment
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