It's not funny enough that the woman in this ad is listing suggestions of all the things one could do if they were suddenly handed $10,000. I think we were aware already. She has to include "pay down that payday loan" as one of the options. Yeah- pay down that payday loan with....another payday loan.
And if you got that quick $10,000 loan from Western Sky, you'd pay back $743.49 for eighty-four months, a total of just over $62,000. There's credit card expensive, pawn shop expensive, payday loan expensive, loan shark expensive....and Western Sky expensive. Which means that the people who applied for money from Western Sky had either burned through all of those other options, or actually thought that Western Sky was a better deal. Neither is a good sign.
So...how did things work out for these customers before Western Sky was shut down in 2013 under an avalanche of lawsuits and government investigations for violations of usury laws?
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