Tips If Your Thinking About Using Loan Sharks

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  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #1
    Tips If Your Thinking About Using Loan Sharks
    Know your limits and what you can afford to pay weekly
    See how much money you have coming in weekly to pay interest
    Should be able to pay principle off within 6 weeks
    Know your shark and his personality traits
  • AgainstAllOdds
    SBR Hall of Famer
    • 02-24-08
    • 6053

    #2
    Originally posted by jjgold
    Know your limits and what you can afford to pay weekly
    See how much money you have coming in weekly to pay interest
    Should be able to pay principle off within 6 weeks
    Know your shark and his personality traits
    5. Always carry a peice.
    Originally posted by SBR_John
    AAO = good dude. Buying you a drink in Vegas buddy.
    Comment
    • picantel
      SBR MVP
      • 09-17-05
      • 4338

      #3
      JJ please do not use the word 'tips' with MS around. He will get all hot and bothered about how 'those blacks' screwed him over on his pizza deliveries.
      Comment
      • Al Masters
        SBR Hall of Famer
        • 04-29-06
        • 6940

        #4
        Originally posted by jjgold
        Know your limits and what you can afford to pay weekly
        See how much money you have coming in weekly to pay interest
        Should be able to pay principle off within 6 weeks
        Know your shark and his personality traits
        More great advice from the local legend.

        Never get involved with Shylocks when it comes to gambling a sure
        recipe for disaster.

        Shylocks are to be used strickly for making deals when you need money to make a score.

        Borrow 20k at 5% a week....make the deal and pay him back asap.

        Borrow 20K(or any amount) to gamble from a Shylock and the line on the final result will be something like this.

        Borrower makes minimum payments for 4 months,still owing the full balance,needs to have a sit down to work things out. -1200

        Borrower Crawls to AUNT&UNCLE&MOM&DAD to borrow 20k -720

        Borrower gets a baseball bat over the head -420

        Borrower forced to leave town - 220

        Borrower doubled up and paid his Shylock back +450
        Comment
        • smitch124
          SBR Posting Legend
          • 05-19-08
          • 12566

          #5
          How many of us truly live in the middle of a Soprano's episode??
          Comment
          • betplom
            SBR Posting Legend
            • 09-20-06
            • 13444

            #6
            Originally posted by smitch124
            How many of us truly live in the middle of a Soprano's episode??
            JJ for sure.
            Comment
            • Fishhead
              SBR Aristocracy
              • 08-11-05
              • 40179

              #7
              As usually is the case, great advice from Mr. JJgold.
              Comment
              • William Lee
                SBR Hustler
                • 02-11-08
                • 85

                #8
                A good friend of mine borrowed $5000 off a shylark 1o years ago and paid the $500 interest each week for 52 weeks still owed the $5000 till I lent the money to him to pay the guy off. Too him 4 months to pay me back. Bottom line stay away from loan sharks unless you need the money for only a week or so and can pay the principle back within a week. I know loan sharks that don't want you to ever pay the principle just keep paying the vig!

                William Lee
                Comment
                • SBR Lou
                  BARRELED IN @ SBR!
                  • 08-02-07
                  • 37863

                  #9
                  Thanks for the comprehensive advice, JJ.

                  Comment
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