Western Sky Loans Sounds Good, But Is...
soccermop59

Louisville, KY

#152 Jun 29, 2012
Ape Linkon wrote:
<quoted text>
I haven't seen those ads lately. I think that people either wizened up to their crap or legal action incurred.
I soo agree with you.....I was reading the fine print one day on that commercial.....10,000 loan....84 months at 743.00 a month...is this chic crazy or what? If you have 743.00 a month to pay on a loan of 10,000....you don't need a loan, you need a hug and a beer and some serious therapy.
Awanda

Sterling Heights, MI

#153 Jun 30, 2012
Well, I'm one of the ones whom fit in the situation of being very "Desparate" because of shut off notices, rent due...etc. Can some one make a suggestion where I can get a fast loan.
Deevo

United States

#154 Jul 1, 2012
Ape Linkon wrote:
You people watch yourselves out there.
I was watching a commercial for this loan sharking company called Western Sky, which is apparently owned by Native American Indians and includes Natives on their commercial. The actor in the commercial mentions that their loans are expensive, but one can pay them off early to lessen the fees.
I was astonished at the honesty, but I became curious after witnessing the commercial. I by no means am an advocate for debt, in fact I am against debt across the board but I had a little free time and looked them up online.
So here's the catch. Their interest rates are outright ridiculous, which is probably where they make their money, from people who live life just paying the minimum payment for things in life they feel like they cannot live without. So for a $2,600 loan, the annual percentage interest rate is 139.34% and is set up for 36 months...that is well over 10,000 dollars for a 2,600 dollar loan. The second loan is a 1,500 loan with a APR of 199.98 percent, a little over 7,000 dollars if the applicant takes the full three years to pay it back.
Geez. I hope no one is stupid enough to take a loan from them, but if you are, you deserve to have your bank account drained on their behalf.
Damn! I want to thank people like you for actually telling me what this means in plain English. At 1st glance, it seemed like a great deal, why wouldn't you do it? I guess I should pay more attention to the details from now on. Glad I had sense enough to read a little about it 1st. These people are rip off artist. Thanks again!
Fishroy

United States

#155 Jul 2, 2012
They need money, have you priced wampum & buffalo skins?
Mee

Longview, WA

#156 Jul 2, 2012
Yes these loans are stupid but speaking for people who have used them before when you are about to lose your house and unable to put food on the table because lack of work after 8 years at the same company and your kids are stareing at you wondering what your going to do sometimes you make choices that you wish you never had to. Yea, it's a horrible system and it cost more in the long run but sometimes you don't have a choice and you have to do what you have to do. It's good to help people understand these but don't talk down to the people who need these services. Most of them wish to god they never had to use them and some are just tryin to get fast money for stupid purchases but others actualy had what they felt was no choice.
Yvonne oneal

United States

#157 Jul 2, 2012
That was very judgemental 2 talk about that person being mentally ill like that that was UN call for.
Fairwarned

United States

#158 Jul 6, 2012
Thanks for the reviews and rates..I was thinking about it but I will make other arrangements instead!
EvLove

United States

#159 Jul 6, 2012
We as humans are very judgemental...guick to say what is in someone else's eye...every single person that walks on this home planet of Mother Earth has an opinion...why is it that our opinions are not geared more towards loving our neighbors...that would be to easy a feat...humans have to most of the time make things hard for themselves...WHEN WILL IT CEASE...you talk negative talk about what this loan company is doing...where did this idea come from...the minorities that live in the United States of America got their knowledge from the majority...the mindset of the majority is 'the American dream...which is to become millionaires...AlwaysLoveLife. ..WE ARE ALL LIFE...continued blessings to all whose eyes meet this comment...you are all in my spirit...
Sunshine

Raleigh, NC

#160 Jul 7, 2012
It is really said that people could be allowed to get away with the crazy scams like this. That like the loan company BellTree who would use all the right words to convince a person to believe he or she could benefit from there loan lending and yes I was one of the ones who got caught up and I lost 1200 dollars. It is truly sad that people work an honestly living whether 8-5, 9-5 or whatever the hours and people like this would basically take advantage of people. My husband called Western Sky to see what they would say and they told him he qualified for 700 but they could only send him 300. What kind of mess is this. Of course, he told them that was a ripoff. People please be careful. Things might be hard but it will be harder if you fall for such scams.
coolcat

United States

#161 Jul 7, 2012
Ape Linkon wrote:
<quoted text>
I haven't seen those ads lately. I think that people either wizened up to their crap or legal action incurred.
Just saw the ad on TV on this date July 7th, 2012
coolcat

Cleburne, TX

#162 Jul 7, 2012
Just saw the ad on TV on July 7th.
Fishroy

United States

#163 Jul 7, 2012
Gives new meaning to the old saying!
INDIAN GIVER
JRC

Hermitage, TN

#164 Jul 8, 2012
Yes its crazy high interest, but you are told that upfront, thus its your choice. I hope people know what they are paying back, however if you decide to use them its not deception or anything. They appear to me to be honest but its a high rate. Even the one time I called the guy on the other line said "it dont make any since to take this loan to the full 42 months, its a high rate". I mean, all things considered thats quite honest. But its a costly honestly if you have to use them.:-)
George

United States

#165 Jul 8, 2012
western sky now has an ad offering 10000 dollars at 89% on an 84 month term. The payment is only 745 dollars a month. Not bad. You get 10000 and payback around 63000. Read the fine print on those ads.
vibrant77

Bloomfield, NJ

#166 Jul 8, 2012
If anyone took the time to read the fine print on the commercial they would see that $10000 loan repayment means $950 being taken out of your checking account each month. 185% interest. I sympathize with those who are desperate. I have been there. I don't agree with getting wrapped up in such exorbinant amounts of debt though. Moneymutual is worse. They charge up to 300% "fees". I hope people take the old saying to heart "if it seems too good to be true, it probably is"
joe

Phoenix, AZ

#167 Jul 9, 2012
[you are an ass. Why would you wish negative things on anyone?
Icrest

Indiana, PA

#168 Jul 10, 2012
Thanks so much for all the info! I am researching loans to match the funds I already have in order to purchase a home and have horrible credit and have to take unconventional routes to obtain funds. I am glad that all of you have saved me from making a big mistake. And yes, the ad is still running. I just viewed it last night on a cable channel.
Debra

United States

#169 Jul 12, 2012
I dont know whst to think. Its easy to judge intell your in the situation yourself a.d u have no mom or dad or anyone to go to for help. When your living out of a motel with two kids trying to put your life back together because your ex lost your home to forclosure because hes dumb and desided to stop makeing the payments on his end when u were makeing the payments on your end. And he moves in with his mommy and leaves u with the kids to care for. And i would have it no other way. And your hole life u were a stay at home mom everythi.g as credit went in his name. I did foster care. But its not taxable.so i cant clame it. And i cant barrow money. No one will help me. When ive helped everyone els. When i was makeing good money. Now i need it and no one is found. And i find a house to buy for 2,000 down. And i can move my children in. And have a perminate house for them. YES i am concidering it. Because there is no other option. The interest is out of this world. BUT what else can i do. My babys mean that much to me. To do this so no one can take them from me........ not everyone has family to rely on or credit because we were stay at home parents. Sometimes the worst situations bring out the best results. And ya u pay alot but if in the end its a house for your family or paying for a sergery or collage ect not just blowing it. Then later in life u can say i did it and i servived and providex for my family.... People Should not judge others..... be happy its ivon an options for u if u have nothing else.... ya their making money but if u could do it and fet away with it dont act like u wouldnt.....
anon

Tacoma, WA

#170 Jul 12, 2012
Debra wrote:
I dont know whst to think. Its easy to judge intell your in the situation yourself a.d u have no mom or dad or anyone to go to for help. When your living out of a motel with two kids trying to put your life back together because your ex lost your home to forclosure because hes dumb and desided to stop makeing the payments on his end when u were makeing the payments on your end. And he moves in with his mommy and leaves u with the kids to care for. And i would have it no other way. And your hole life u were a stay at home mom everythi.g as credit went in his name. I did foster care. But its not taxable.so i cant clame it. And i cant barrow money. No one will help me. When ive helped everyone els. When i was makeing good money. Now i need it and no one is found. And i find a house to buy for 2,000 down. And i can move my children in. And have a perminate house for them. YES i am concidering it. Because there is no other option. The interest is out of this world. BUT what else can i do. My babys mean that much to me. To do this so no one can take them from me........ not everyone has family to rely on or credit because we were stay at home parents. Sometimes the worst situations bring out the best results. And ya u pay alot but if in the end its a house for your family or paying for a sergery or collage ect not just blowing it. Then later in life u can say i did it and i servived and providex for my family.... People Should not judge others..... be happy its ivon an options for u if u have nothing else.... ya their making money but if u could do it and fet away with it dont act like u wouldnt.....
If you have to borrow money for a down payment on a home you cannot afford a home. Rent and save up money till you can afford it.

This have to have it now attitude is going to ruin this country.
jay

United States

#171 Jul 15, 2012
Special wrote:
Some laws do not apply to Indian reservations - thus I gather the legal limit on interest does not apply?
However, cash advance places do the same thing and just call it fees instead of interest to get around this interest rate law. The poor get poorer.
what abou
t dell financial,b sears, and the others that have you paying for life!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Madisonville Discussions

Title Updated Last By Comments
You delete because you are afraid 4 min DeeP SiX 1
You should be tested to have a phone 18 min DeeP SiX 3
Head 53 min itch 3
walmart madisonville ky doing better in hanson? 1 hr DeeP SiX 10
Brandy Vanover 1 hr carharttsux 3
Daniel Yancy 1 hr Trish 3
You stupid kids 1 hr DeeP SiX 2

Madisonville Jobs

More from around the web

Personal Finance

Madisonville Mortgages