Deparate times calls for desparate measures?

[Anonymous]

Here’s an option if you are DESPARATE
Shelly said:
Joined: Jan 28, 2012
Posts: 3
January 28, 2012 4:00 PM
My brother actually did this a few hours ago. He just went to a “title loan” place and talked them into giving him a loan so he can buy his new TV today instead of waiting for next week. They gave him a $2400 loan and he has to give him the whole $3300 refund by next Friday! Any later and he owes an extra 75$ per week. I thought he was joking at first but he actually did. Unbelievable. I could see doing that for bills or rent or something, but a TV? I shouldn’t have admitted he was my brother, lol.
Now if you’re in a situation where your car is about to be repoed or your rent is going to be a month late or some other emergency, this might be a last ditch option for you (or maybe you’re just miserably impatient like my idiot brother.) They were hesitant at first until he proved how much he was getting by logging into the WMR on their computer and showing them his SS card. He said the guy thought about it for about 10 seconds and made him the offer. Who knows, maybe you’ll something better than the $900 interest my brother paid, but it might be an option if you’re desparate.
EDIT: almost forgot. He did not have to leave the title to his car.

Crystal85 said:
Joined: Jan 28, 2012
Posts: 2
January 28, 2012 4:23 PM
did he need bank account and etc like other loan places want?

Shelly said:
Joined: Jan 28, 2012
Posts: 3
January 28, 2012 5:16 PM
I don’t know. I can ask him but his phone is off. I would guess yes.

ballin on a budget said:
Joined: Jan 27, 2012
Posts: 6
January 28, 2012 5:44 PM
Those title/payday loan places are dangerous. Interest way too high.That’s more than if you had gone into block and got a ral.
shell said:

Joined: Jan 27, 2012
Posts: 8
January 28, 2012 9:49 PM
most tile loans require utility bil…paystub…clear title ..many referances…no bank account required though..cause if you dont pay they take the vehicle..
viola said:

Joined: Jan 27, 2012
Posts: 10
January 29, 2012 3:02 AM
OMG $900 in interest? Thats insane! Thats enough to buy a VERY nice tv with! I have a 47″ LG flatscreen and it only cost me $700. I can see doing that if your in foreclosure or something that serious, but a TV?!!

[Anonymous]

That must be one heck of a TV to cost that much money! Your brother could of done something nice with the extra $900 . Yikes !
I could understand if you are in an emergency situation and really need the money.

[Author]

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