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Date: Sun, 11/19/2006 - 11:22

Submitted by WHEREAMI?
on Sun, 11/19/2006 - 11:22

Posts: 5263 Credits: [Donate]

Total Replies: 11


Since I have been dealing with the pdls I have come accross some interesting facts during this time. PLEASE take the time to listen to this posdcast
(http://www.pliwatch.org/podcast_060927.html) This is an interview with a FBI agent on the topic of loan sharking.

For loan sharking to occur these four factors must be present:
1. Terms are NOT legally recorded (Sound like RT 66?)
2. Extremely high interest rate, which means interest
rate exceeds 45%
3. Use of THREATS/VIOLENCE to collect on the loan
4. The loan fees exceed $100

Punishment: UP TO 20 YEARS IMPRISONMENT


Thanks Steelers for that valuable information every one needs to listen. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Sun, 11/19/2006 - 12:24

( Posts: 2477 | Credits: )