Watching old Big Bang Theory and there was add for WesternSky Problem Solver loan. The small print for the 10k loan they were selling was 89% for a term of 84 month repayment (7 years!). The montly note is about $750! So to "borrow" 10k you have to pay them $62,000! How in the hell is that legal? (Oh, they are on an Indian land so they are probably skirting some US lending laws.)
I hope no one on this site is considering this "offer."
I've seen their ads from time to time as well - the one offered the low rate of 200% apr. The commercial even says 'sure the moneys expensive' LMFAO.
@jsickz32 wrote:i seen that ad too lol i find the native american chick attractive tho....
+1 (ok, I'm now expecting to be hit with a wet noodle by a moderator 
)
Some people do get trapped in this mess. It's almost as bad as getting caught in the vicious cash advance cycle where every week you're paying back and re-borrowing in the same transaction. I hurt for these people really. Same goes for Rent-a-Center/Aaron's all that crap.
Another company taking advantage of desperate times 
In their terms or not it should be an illegal practice.
Yeah it is terrible that people get trapped in these situations - I wouldn't take a cash advance out if my life depended on it, just way too dangerous.