Jamis...Out of the myriad of loan terms shown, I h
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Posted On: 11/22/2017 1:31:53 PM
Jamis...Out of the myriad of loan terms shown, I haven't been able determine which (if any) of the loan terms are being considered in default. And in looking at some of the somewhat similar terms in another [shark] loan that was enacted the same issue date [March 29, 2017] with SBI, I wonder if it might be in the 'no-shop' 'cross-default' clauses shown on both loan documents. https://www.lawinsider.com/contracts/6lGhSyjc...2017-04-04
*Observation; loan-sharking was never much in the way of being an ethical or honorable enterprise, but in looking over many of these outrageous loan terms with plenty of trip-wires [50% pre-payment penalty etc etc], loan-sharking seems to have slithered exponentially further down into the swamp than I could have ever imagined over my lifetime. I'm not sure the word ' predator' quite covers this low-life opportunism...I think ' financial terrorists' might be a better description. With friends like these among our fellow American's , who needs enemies
*Observation; loan-sharking was never much in the way of being an ethical or honorable enterprise, but in looking over many of these outrageous loan terms with plenty of trip-wires [50% pre-payment penalty etc etc], loan-sharking seems to have slithered exponentially further down into the swamp than I could have ever imagined over my lifetime. I'm not sure the word ' predator' quite covers this low-life opportunism...I think ' financial terrorists' might be a better description. With friends like these among our fellow American's , who needs enemies
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