Think Cash
Date: Wed, 10/03/2007 - 21:50
I think I saw someone else post that they've seen this commercia
I think I saw someone else post that they've seen this commercial too.
It's just terrible! These kind of loans ruin enough people's lives, and now with the added advertising, they are going to reach more people!
They are never going to stop. They run the ads up here in Omaha
They are never going to stop. They run the ads up here in Omaha on the TV as well along with the countless store front pdl places. I couldn't even begin to imagine where I'd be right now if i had taken storefront pdl's instead of internet. That's a very scary thought for me.
Sorry I haven't been on much the past couple of days. Work has
Sorry I haven't been on much the past couple of days. Work has been unbelievabley busy & I haven't been feeling well..as soon as I get home I've been heading to bed & sleeping all night. I just can't seem to kick what it is that I've got. Please forgive me :(
They are robbers. We don't have the advertisements here in SC, b
They are robbers. We don't have the advertisements here in SC, but I can only imagine their commercial. Like cash call, they make you think that they are a gift from God! A miracle! Gift my a$$. They are wicked. They are using all of the money they are stealing in interest to fund their advertisements so that they can suck in other innocent people and leave them without options for payback. I have seen it posted time and again. Loan sharkes don't even have the kind of interest rates these companies have.
I don't think they can lend in some states. I guess mine is one
I don't think they can lend in some states. I guess mine is one (Thank God!) Before I found this site I probably would have gotten a loan with them, too!!!
:-)I was one scared individual before I came here! Thank God for everyone here!
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Wait a minute. Can they only lend in certain states? Is that "the deal"? Is this why I had no clue they were an installment loan rather than a true pdl until goudah pointed it out? Is this why I don't see them advertising here? I'm wondering because these people with Think Cash loans got them over the internet, like a pdl. Hmmmm.... can they only lend in certain states? Goudah? Anyone? Now I'm curious.
I believe they are only licensed to lend in certain states....I
I believe they are only licensed to lend in certain states....I have never seen a Think Cash commercial here in CA.
How about Danny Bonaduce for their spokesperson?? :lol:
How about Danny Bonaduce for their spokesperson?? :lol:
Yep. They are only licensed to lend in certain states. I just go
Yep. They are only licensed to lend in certain states. I just googled them and can't find exactly which states they are prohibited to lend in, but I am assuming SC is one since I haven't seen their commercials or anything. They have a website and the disclosure at the bottom of the page says they are backed by First Bank of Delaware. Why is that NOT surprising???!
think cash
as much as i hate pdl's, think cash and others like it have saved people like me who out of immaturety ruined their credit. yeah it's expensive but that is the price you pay for being irresponsible but if you use this responsibly it can get you out of a whole heap of debt! i know, i have been in many whole's that i would not have gotten out of other wise. And besides, they are just like the rest of us, trying to make a living and found a great way to do it. there will always be someone out there to fund them. rip or not, it is reality!
Robbers? Loan sharks? PREDATORY LENDERS !! That they are. They c
Robbers? Loan sharks? PREDATORY LENDERS !! That they are. They can be stopped. Legislation. Contact your atty general office & follow up !!!! The AG in West Virginia is freakin awesome!
Unfortunatly, this lender is actually a bank, and federal law al
Unfortunatly, this lender is actually a bank, and federal law allows FDIC insured banks to lend under their home state's laws and licensing. So this sort of company can't be stopped by state laws, and I seriously doubt the federal law that allows this will ever be changed. It would hinder banks too much.
"Yep. They are only licensed to lend in certain states. I just g
"Yep. They are only licensed to lend in certain states. I just googled them and can't find exactly which states they are prohibited to lend in, but I am assuming SC is one since I haven't seen their commercials or anything. They have a website and the disclosure at the bottom of the page says they are backed by First Bank of Delaware. Why is that NOT surprising???! "
Im confused. Which is it - they can or cannot loan in certain states? Thx!
First Bank of Delaware has to be the most utilized "rent-a-bank"
First Bank of Delaware has to be the most utilized "rent-a-bank" there is !
They are - For subprime, high risk loans they have their hands i
They are - For subprime, high risk loans they have their hands in many cookie jars.
Federal law would allow them to lend in any state under DE laws. They may chose to limit where they lend to for any number of reasons. They would not need to be licensed in any state they lend in besides DE, where the bank is registered.
Legally speaking they could loan using the Bank in any state the
Legally speaking they could loan using the Bank in any state they wanted. They would not need state licensing. Federal law allows this, and federal laws superceeds any state laws.
What a wicked web they've managed to surround themselves with!
What a wicked web they've managed to surround themselves with!
They also back some of Cash Call's loans, as well as Purpose Loa
They also back some of Cash Call's loans, as well as Purpose Loans, and a few others. All together they probably have at least 10 "installment" loan products that are high interest loans.
i think i saw the commercial and they almost convinced me to sig
i think i saw the commercial and they almost convinced me to sign up!!!!
also when i saw the commercial, it was late at night while you c
also when i saw the commercial, it was late at night while you can't sleep thinking about how can i pay my bills :twisted:
Yeah, Granny. I am sure most of us can relate to the sleepness
Yeah, Granny. I am sure most of us can relate to the sleepness nights.
Prosper isn't related to them in any way. Prosper is an "ebay"
Prosper isn't related to them in any way. Prosper is an "ebay" type lending site where normal people can register and "bid" on lending someone money at a certain rate. You put an ad up explaining why you want the loan, how much, etc, and they run your credit and give you a score. People then bid on lending you money. It's not backed by a bank at all, as it's like 20 people lending you $50 each. It's a good place to go to if you need a loan but can't get a normal one, although there are credit restrictions and you have to get people to want to bid on you, nothing is guaranteed.
Purpose Loans is another Think Cash type loan that 1st Bank of DE does, or used to do.
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People "bid" to give you a loan? My mind is not absorbing this at all! What kind of people would "bid" to give another person a loan? I know that I have read others members getting a Prosper Loan and they didn't say anything horrible, but what??? So "regular" people like us can "bid" to give someone a loan? What is our recourse if they don't pay us back???? This is just weird.
I read about it on some website and actually saw the different l
I read about it on some website and actually saw the different loans and bids etc. It was very interesting and very scary.
Prosper is actually a really good option. People that want to i
Prosper is actually a really good option. People that want to invest some money register as lenders. They can then bid on lending you $50 of the amount you need, at 10% interest (as an example). It's totally legit. If you default on the loan, you are sent to a collection agency. They follow state interest rate caps.
It's really not creepy. It's actually a great thing for people that may not qualify for a real bank loan. As long as you can show you can pay it back, and have a good reason for needing it, you may be able to still get an affordable loan. The payments will come right out of your bank account by prosper, and then are dispersed to all the lenders.
Prosper
The problem I had with the Prosper program was my state cap (KY) for the interest rate was too low for my credit rating. The lenders do not want to loan to people with poor/bad credit at that low of a rate. Other than that it seemed like a good program for lenders and borrowers alike. It appears to be very legit. Lenders can also make more money than if they were to put there money in a bank drawing interest.
Yeah, that is one of the bad things - But that isn't prospers fa
Yeah, that is one of the bad things - But that isn't prospers fault. They are simply following your state law. Which is a good thing!
Now that it has been explained it does seem like a good thing.
Now that it has been explained it does seem like a good thing. But looking at it and not knowing or understanding it, it looks scary and almost too good to be true. I did find it when I was searching for bank loan alternatives.
Prosper
This is most definitely a good thing but just frustrating to try and get out of debt to only find high interest rate options. That is how I came upon payday loans. I would work 5 jobs if I had to before I would give into those again though. It was just so easy when things got rough but in the end they only made it worse.
Interest rate
I just wish there was something in between bank rates and payday loan rates for people with not so good credit.
There should be a mandatory finance class during your last 2 yea
There should be a mandatory finance class during your last 2 years of high school ! Legit info on getting and maintaining credit! Ive learned a lot - by error !
Absolutely !! One feeds the other - had I known more about credi
Absolutely !! One feeds the other - had I known more about credit I wouldnt have found myself in need of a PDL. I could have approached a legit lender and not an internet loan shark !