Yes, It's expensive.

[OKCShooter]

Has anyone seen these "Western Sky" Commercials? They are a Cash Loan business and it's UNBELIEVABLE to me how much they charge in interest.

Roughly 140%

Of course, since it is on Indian land it is legal.

Here is a link about some of their practices:

http://oklahomacity.bbb.org/post/western-sky-financial-yes-its-expensive-13280

 

[JesseR]

I've watched that several times. Don't get me started. My feelings on this would get me banned from this site, but I feel for anyone who has to call that band of highway robbers.

 

[yukonjack]

I don't see a problem with it. If you don't want to pay those outrageous interest rates then don't borrow money from them. It's pretty simple.

 

[aeropb]

If you're dumb enough to fall into that venus fly trap you'll learn the hard way.

 

[JB Books]

You guys would be amazed at how many of my clients get advanced loans on their cases from national companies, despite my repeated advice not to do so. I make them sign a form stating they are doing it against my advice and they understand I will not reduce my fee.

 

[AKguy1985]

well the guy says: "yes the moneys expensive" He aint lyin

 

[mr ed]

Has anyone seen these "Western Sky" Commercials? They are a Cash Loan business and it's UNBELIEVABLE to me how much they charge in interest.

Roughly 140%

Of course, since it is on Indian land it is legal.


Here is a link about some of their practices:

http://oklahomacity.bbb.org/post/western-sky-financial-yes-its-expensive-13280

just how much you think a pawnshop charges?
western sky you sign and walk.
the pawnshop you have to give your valuable stuff to hold.

 

[AKguy1985]

just how much you think a pawnshop charges?
western sky you sign and walk.
the pawnshop you have to give your valuable stuff to hold.

pawn shop i think is 240% interest

 

[SoonerStatePawn]

just how much you think a pawnshop charges?
western sky you sign and walk.
the pawnshop you have to give your valuable stuff to hold.

There is a huge difference between a pawnshop and this company. Pawnshops are intended for a short term loan. If you borrow $20, you'll pay $24 to pick it up. You're not obligated to pick it up. You're going to pay $41,000 on a $5000 loan according to their website. HUGE difference there. It's usually cheaper to pay the pawnshop interest rather than paying an overdraft or late charge.

 

[SoonerStatePawn]

A $5,000 loan, loan fee ($75) at an APR of 116.73% for 84 payments of $486.58 each. 84 X $486.58 is $40,872 and change.