DHTs
1927
55
6
Probably get a better deal from the mafia...
Jun 10, 2026 6:37 PM
DHTs
1927
55
6
Probably get a better deal from the mafia...
REOJackwagon
https://media0.giphy.com/media/v1.Y2lkPWE1NzM3M2U1bzdhYmw1ZHExZTN0bm53bXV0ZXRrcHNjMnZuYWRpbHU4eXVldGxtMyZlcD12MV9naWZzX3NlYXJjaCZjdD1n/uqpFL6cMDcg9fwhTrE/200w.webp
5knotcans
extortionate.
CaptainThePirate
Bailout incoming.
lightfoot2
79% APR. So in order to borrow that money you would pay almost $9,000 in interest for a 6k loan?
How do you expect to pay it back?
obesz
FFS
REOJackwagon
Usually people have to get elected before they can get their hands that deep into your pockets
NightOwlRally
You absolutely would get a better deal from the mafia, because they were businessmen before anything else. They knew that strongarming and strangling people wasn't good for business when you keep having to bail out your Soldiers/Capos from prison (or to...financially influence** the decisions by the judiciary folks)
trinxter
I would love to see what lender is trying to pull this scam.
Germanswisscheese
The mafia are going to outcompete at those rates.
cjpoet
For the second rime in my adult life, I am currently credit-card-debt free. Feels good.
DHTs
Yeah, my only debt is my mortgage. Paying it off as fast as possible, it pisses me off my loan went from a local vendor to someone out of state without so much as notification until after it was already done.
cjpoet
*time
backrideup9
$14,400+ over 3 years for less than a $6000 loan? LUIGI!!!!!!!!!!
NightOwlRally
More in the ballpark of $14,886-ish, plus or minus a thousand or so.
Ionico
Let's assume they miss 3-4 payments. Tack on some penalties, extend the compound interest.... boom 45,000. (Kidding, but not really)
[deleted]
[deleted]
spiderjohn36
I mean the GOP were talking about 50 year mortgages a few months ago, so anything's possible. /S
RyanSilver612
50 year mortgages have always been a thing. Its 30-50 year car loans they have been introducing. Which is insane since the car will never last that long
spiderjohn36
50 year home mortgages? Not in the United States. There's been a recent proposal to allow for 50 year mortgages but that's it.
RyanSilver612
They arent widely available but they exist. My econ teacher in high school talked about why theyre a terrible idea and showed how he was offered one when he was buying his house and did the math.
mksu
Is 80% APR even legal?
KuldFyt
If it was, would they be offering something as low as 79.9?
Beanholio
No, it's not. This is most likely a math or field error in whatever process they use to populate customer info on the page.
Exyr
Check cashing places for 300% interest. So I dont think 80% is illegal.
SomeDetroitGuy
Please cite the law that prohibits it.
sweetfeetpete
It’s a state regulation
Beanholio
Varies by state - apparently there are two states with no caps codified so it's probably managed through the courts on a case-by-case basis. Here's an overview from 2024 on limits: https://www.nclc.org/wp-content/uploads/2022/08/202411_Fact-Sheet_APR-Caps-for-Installment-Loans-1.pdf. Check cashing shops can have carve outs for their short-term products but that varies, even by municipality.
SomeDetroitGuy
In the US, yes it is.
Exyr
Check cashing places do 300%
RyanSilver612
Thats not a credit card and it should be illegal
Exyr
Its still a loan with an interest.
RyanSilver612
Regulated differently though. Lobbying does great things. Not good things but great things