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[limblips]

These are the rates from Western Sky, a Native American company based on Native American Lands. I guess they are trying to do to us what we did to them!

Loan Amt Actual Orig Fee Int Rate Term Month Pmt
$10,000 $9,925 $75 89.68% 84 $743.49
$5,075 $5,000 $75 116.73% 84 $486.58
$2,600 $2,525 $75 139.22% 47 $294.46
$1,500 $1,000 $500 234.25% 24 $198.19
$850 $500 $350 342.86% 12 $150.72

 

[Rommey]

You know I noticed this last night when I caught one of their ads on TV. As the fine print was on, I just happen to catch a big number after the APR. I backed up the DVR and read it and thought the 89% was outrageous. I went to their website to check this out and who knew that the 89% was the GOOD rate?

Really, how can they charge 300+% on a loan? I noticed Maryland must have some sort of protection for us since they Western Sky can't loan to anyone here. I guess Annapolis wants to make sure we have enough to send there instead of someplace else...