Borrowing against graded cards - Net54baseball.com Forums

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#37

01-28-2019, 06:15 PM

bnorth

Ben North

Member

Join Date: Jun 2013

Location: South Dakota

Posts: 10,614

Quote:

Originally Posted by Peter_Spaeth

Maybe not enough to change the math, but some percentage of borrowers are going to default, no?

You also have to figure that most "lenders" would charge whatever the max interest rate is in their state. Then the added fees associated with the "paper work" to make up for the low interest rates. I would think most places would operate like the pay day loan companies to maximize profits.

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