Don't be fooled....

So, I was watching TV this morning and saw an ad that just made me ill. Gary Coleman...you know..."Whatcha Talking about Willis?" Well...he was advertising for one of those instant loan companies. He said that it was great...cause no one would loan him money, not even his family...so this loan company saved the day.

One, how pathetic must Gary Coleman be these days to either have to advertise for these shmucks or even worse...have to use them.

I paused the tivo...to look at the actual description of the evil loan they are talking about. Let's take a look at what they are actually offering you:

"The APR for a typical loan of $2,600 is 99.25% with 42 monthly payments of $216.55. Credit approval is not guaranteed and depends on the lender's credit standards."

That's right people...the interest rate is 99.25 percent. That's just insane. And let's to a little quick math about how much you actually have to pay in order to fulfill the loan.

42 payments X $216.55= $9095.10

To borrow $2600...you end up paying a little over 9K.

If anyone actually gets one of these loans...you are either completely desperate or an absolute moron.

Shame on your Gary Coleman...selling your soul to these shmucks!