Borrowing against graded cards - Net54baseball.com Forums

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#12

01-28-2019, 05:49 PM

oldjudge

j'a'y mi.ll.e.r

Join Date: May 2009

Location: The Bronx

Posts: 5,739

Quote:

Originally Posted by Peter_Spaeth

So you buy a card for X, have it sent to PWCC, and they send you back half X which you now owe them on top of the X you just spent and you don't have possession of the card? What am I missing?

Let's say you want to buy $1500 worth of cards(a $1000 card and a $500 card) but only have $1000 now (but will have more to spend next month). You buy the $1000 card, pawn it to PWCC and get $500 to buy your second card. Next month when the money comes in you repay PWCC and get your card back. The concept seems good, however, the interest rate seems excessive.

Last edited by oldjudge; 01-28-2019 at 05:49 PM.

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