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Valued Contributor
Duncanrr
Posts: 2,843
Registered: ‎06-08-2012
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WoW - WesternSky Problem Solver ad - bad, really bad

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."



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CotySinz
Posts: 237
Registered: ‎06-27-2011
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

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.


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Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

i seen that ad too lol i find the native american chick attractive tho....

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Valued Contributor
Duncanrr
Posts: 2,843
Registered: ‎06-08-2012
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Re: WoW - WesternSky Problem Solver ad - bad, really bad


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 :smileyhappy:  )



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
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tcbofade
Posts: 2,193
Registered: ‎09-26-2011
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

The sad part is that they wouldn't be airing the commercials if they didn't acheive the desired results...

 

In other words, you just KNOW some number of folks are falling for it...



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sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

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.



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AF_23
Posts: 288
Registered: ‎02-06-2012
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

scary but its in their terms so..

Frequent Contributor
QAMngrGirl
Posts: 463
Registered: ‎11-28-2012
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

Another company taking advantage of desperate times :smileysad:

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Established Contributor
sphinx313
Posts: 567
Registered: ‎02-12-2011
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

In their terms or not it should be an illegal practice.



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CotySinz
Posts: 237
Registered: ‎06-27-2011
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Re: WoW - WesternSky Problem Solver ad - bad, really bad

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.


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