I don't get it part 3

Doug Henwood dhenwood at panix.com
Wed Apr 19 13:40:27 PDT 2000

Enrique Diaz-Alvarez wrote:

>Tom Lehman wrote:
>> Anyone else seen these advertised offers for a 9.9% no fee, no hidden
>> charges, not an introductory rate credit card. That's a pretty good
>> rate for a personal loan---.9 over prime.
>Yeah, I was thinking the same thing. How can you make unsecured personal
>consumption loans to people who (by definition) are spending more than
>they earn and charge 10%?

A few months ago, you could have called yourself Usury.com and the financing would have flowed like water over Niagara Falls...


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