unsecured credit loans


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somraj1968   
Member since: Oct 04
Posts: 2
Location: malton, mississauga, on

Post ID: #PID Posted on: 06-12-04 13:51:06

Hi everyone,
the other day I saw an advertisement in a desi newspaper where a company is advertising it will give $250,000 worth of unsecured loans. Are these genuine?
thanks



pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 06-12-04 14:41:21

Probably, yes.
But did it also say what rate of interest they will be charging?

Don't be surprised if they charge you something like 33% or more in interest.

It is also called loansharking :o


-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"


somraj1968   
Member since: Oct 04
Posts: 2
Location: malton, mississauga, on

Post ID: #PID Posted on: 06-12-04 14:52:47

no there was no interest rate mentioned
thanks



pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 06-12-04 17:33:18

That's what I meant.
Just for grins, give them a call and ask them about it.
My gut feel is that they are loansharking.


-----------------------------------------------------------------
"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"




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