pearl capital
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  1. #1
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Ryan Shiroky View Post
    what i dont understand, is how Pearl is getting 1.55 over 3 months and expecting merchants to not sink and drown...

    imagine that... 1.55... whats the effective on that? like, 420%apr????!!!????!!!! *cough* *choke* *cough*
    you forgot the 5-10% PSF to rep on top of that

  2. #2
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    Quote Originally Posted by Chambo View Post
    you forgot the 5-10% PSF to rep on top of that
    PSF... Junk??

    But yea thats insane... I dont understand how they sleep at night... i really dont...

    Also, has anyone done any business with World Business Lenders??? How about a company that does asset leaseback, collateralized loans (4:1 collateralization) and STILL hits the merchant for 125%-150%apr... they are so concerned with "being profitable" they lost sight of building a reputable name for themselves... default on that loan and you lose your house/car/business real estate/whatever you pledged...



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