Let me tell you a story re predatory lenders.
I bought my husband a zero turn for Father’s Day. Neither are getting younger and it was taking us 2 days to cut the 2 acres w push - albeit great exercise - it was wearing out my bad knee- wanted for gardening etc.
Well, this predatory loan co called me and I thought I would give them business since I did get 0% finance for my fridge thru them.
So, she acts like they don’t know me - number 1. Number 2- I have to list off things in my house that are worth 5k (getting a repaired mower - not even new - not proud). All I could think is if I’m robbed in next month I will put them as number one bc I have NEVER had to do for this amount of money.
Anyway, after 30 min of this nonsense she comes to what they would offer (my score is 700 and I have flawless pay record).
$359 month for 26 months.
That’s right. They would loan me 5k but I would pay them, not in interest but tacked on this fee and that, almost 5k - over 9k by end.
I said no thanks and went to ACE where I qualified for zero percent financing and we got an upgrade - new one!!
I had not come across something so predatory b4. Did she think I can’t do math?