Not bad...a 300% return. Is my math right?

[allisolm]

This is correct, loan isnt compounding. However interest is never paid 12 times, its paid twice at max by smart people. For example, if I give a $10k loan - I'll pick up $2500 in interest between day 1 and day 31. If it goes to day 32, it goes to another $2500 in interest. If he stops paying interest, I take the item - which I then resell to get my investment and profit back.

People who cant go to a bank and need cash within a few hours do this. I've done this before for a few people who are in tradtionally well paying industries/businesses who just want some extra money on the side.

It's still usury.

 

[PAB]

Originally posted by: allisolm
This is correct, loan isnt compounding. However interest is never paid 12 times, its paid twice at max by smart people. For example, if I give a $10k loan - I'll pick up $2500 in interest between day 1 and day 31. If it goes to day 32, it goes to another $2500 in interest. If he stops paying interest, I take the item - which I then resell to get my investment and profit back.

People who cant go to a bank and need cash within a few hours do this. I've done this before for a few people who are in tradtionally well paying industries/businesses who just want some extra money on the side.

It's still usury.

If you get REALLY technical.....

I'm buying the item and selling an option to buy said item back. Thats not usury, thats capital gain on investment/option income.

 

[Gunslinger08]

Originally posted by: allisolm
This is correct, loan isnt compounding. However interest is never paid 12 times, its paid twice at max by smart people. For example, if I give a $10k loan - I'll pick up $2500 in interest between day 1 and day 31. If it goes to day 32, it goes to another $2500 in interest. If he stops paying interest, I take the item - which I then resell to get my investment and profit back.

People who cant go to a bank and need cash within a few hours do this. I've done this before for a few people who are in tradtionally well paying industries/businesses who just want some extra money on the side.

It's still usury.

Depends on where he lives and where his business is technically registered. Some states in the US do not have maximum interest rate/usury laws.

 

[MercenaryForHire]

Originally posted by: PAB
Not bad...a 300% return. Is my math right?

No, it's madness.

- M4H

 

[allisolm]

Originally posted by: joshsquall

Originally posted by: allisolm
This is correct, loan isnt compounding. However interest is never paid 12 times, its paid twice at max by smart people. For example, if I give a $10k loan - I'll pick up $2500 in interest between day 1 and day 31. If it goes to day 32, it goes to another $2500 in interest. If he stops paying interest, I take the item - which I then resell to get my investment and profit back.

People who cant go to a bank and need cash within a few hours do this. I've done this before for a few people who are in tradtionally well paying industries/businesses who just want some extra money on the side.

It's still usury.

Depends on where he lives and where his business is technically registered. Some states in the US do not have maximum interest rate/usury laws.

He lives in Florida, which does have those laws and even says that his rates of interest make it a felony.

 

[SVT Cobra]

allisolm do not waste your time, this is just another PAB lie.

 

[Howard]

Originally posted by: MercenaryForHire

Originally posted by: PAB
Not bad...a 300% return. Is my math right?

No, it's Sparta!

- M4H

fixed

 

[PAB]

Originally posted by: SVT Cobra
allisolm do not waste your time, this is just another PAB lie.

Why is it you all feel the need to call everything I say/do a lie, without any homework whatsoever? This is getting seriously annoying.

 

[Whoozyerdaddy]

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

 

[Whoozyerdaddy]

Originally posted by: PAB

Originally posted by: SVT Cobra
allisolm do not waste your time, this is just another PAB lie.

Why is it you all feel the need to call everything I say/do a lie, without any homework whatsoever? This is getting seriously annoying.

So are you.

Past experience + intelligence = you being full of crap

It's axiomatic anymore.

 

[PAB]

Originally posted by: Whoozyerdaddy

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

I just take their stuff. Ever wonder where I get all the off the wall stuff I'm selling in FS/FT?


Interesting information PAB. So you are using the For Sale Forum to sell items you obtained illegally? That's definitely against the rules and a bannable offense!

 

[Whoozyerdaddy]

Originally posted by: PAB

Originally posted by: Whoozyerdaddy

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

I just take their stuff. Ever wonder where I get all the off the wall stuff I'm selling in FS/FT?

:laugh:
You take it or smash it with a bat?

"You saw wht I did to my dad... And that was my DAD! Imagine what I'll do to you!"

:laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh:

 

[allisolm]

Originally posted by: SVT Cobra
allisolm do not waste your time, this is just another PAB lie.

I know. He's tried to impress with his badass loan-sharking self before. It didn't work then, either. But I get to have my fun anyway.

 

[PAB]

Originally posted by: Whoozyerdaddy

Originally posted by: PAB

Originally posted by: Whoozyerdaddy

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

I just take their stuff. Ever wonder where I get all the off the wall stuff I'm selling in FS/FT?

:laugh:
You take it or smash it with a bat?

"You saw wht I did to my dad... And that was my DAD! Imagine what I'll do to you!"

:laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh::laugh:

This, I laughed at. Good show!

Seriously, I will take their stuff. I'm not a violent person to those who dont deserve it. If I've already got their collateral theres no reason to rub salt in the wound.

 

[mrSHEiK124]

Originally posted by: MercenaryForHire

Originally posted by: PAB
Not bad...a 300% return. Is my math right?

No, it's madness.

- M4H

Madness?
This, is, SPARTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!

http://thisisspartaaa.ytmnd.com/

 

[AreaCode707]

I love the tag line on the email. "She doesn't LET things happen. She MAKES things happen!"

 

[thomsbrain]

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

buying your buddy a $1 McDonald's Double Cheeseburger and letting him buy you a $1.25 bottle of soda at the Quik-Stop the next day does not count as "loansharking," you incorrigible and compulsive liar. get help, dude.

 

[PAB]

Originally posted by: thomsbrain

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

buying your buddy a $1 McDonald's Double Cheeseburger and letting him buy you a $1.25 bottle of soda at the Quik-Stop the next day does not count as "loansharking," you incorrigible and compulsive liar. get help, dude.

I'd post proof of said collateral that I've managed to acquire, but regardless of whatever I post I'm still going to have to reply to people like you and my clients derive a certain level of discretion they can't get going to Wells Fargo.

 

[erub]

Originally posted by: thomsbrain

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

buying your buddy a $1 McDonald's Double Cheeseburger and letting him buy you a $1.25 bottle of soda at the Quik-Stop the next day does not count as "loansharking," you incorrigible and compulsive liar. get help, dude.

you're giving him too much credit. you think he has friends?

 

[Whoozyerdaddy]

Originally posted by: PAB

Originally posted by: thomsbrain

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

buying your buddy a $1 McDonald's Double Cheeseburger and letting him buy you a $1.25 bottle of soda at the Quik-Stop the next day does not count as "loansharking," you incorrigible and compulsive liar. get help, dude.

I'd post proof of said collateral that I've managed to acquire, but regardless of whatever I post I'm still going to have to reply to people like you and my clients derive a certain level of discretion they can't get going to Wells Fargo.

Clients... :laugh:

This thread gets a big :thumbsup:

 

[thomsbrain]

responding to a PAB thread is like when you go to the asian market and they have the little sticks you can use to poke the live crabs. he sort of crawls around and lazily snaps his claws at you while you poke him in the head. the more lively he snaps back, the more likely we are to boil him.

 

[JS80]

umm, that's 40% MAX return. if it goes beyond 4 weeks your return diminishes.

 

[Red Dawn]

Originally posted by: erub

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

25% a month, hahahahhaa

what are you, a payday loan company? I dont even think they charge that much. And they get sh!t for collateral.

You're an idiot.

He's a member of the Lotus Blossom Triad and yes he's an idiot too.

 

[Feldenak]

Originally posted by: PAB

Originally posted by: Whoozyerdaddy

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

I just take their stuff. Ever wonder where I get all the off the wall stuff I'm selling in FS/FT?


Interesting information PAB. So you are using the For Sale Forum to sell items you obtained illegally? That's definitely against the rules and a bannable offense!
Edited: 03/17/2007 at 02:30 PM by AnandTech Moderator

Oh please let it be true and that the Mods have cast "Ban-a-thon" on this attention whore.

 

[PAB]

Originally posted by: PAB

Originally posted by: Whoozyerdaddy

Deals like this come along frequently

:laugh:

Originally posted by: PAB
I loanshark on the side, and my rate is 25% a month if I know you, with collateral.

For me to do this deal, I'd have to make $7500 in interest if it went 4 weeks and $10,000 in interest if it went 6.

That's a 300% interest rate.

Loanshark... :laugh: What do you do when they wont pay back?

"They always pay" /Chilly Palmer

I just take their stuff. Ever wonder where I get all the off the wall stuff I'm selling in FS/FT?


Interesting information PAB. So you are using the For Sale Forum to sell items you obtained illegally? That's definitely against the rules and a bannable offense!

What do you mean obtained illegaly? I loaned someone $, took their item as collateral and if/when they dont pay - I own said item. Theres nothing illegal about that. See: pawn shop.