Results 1 to 25 of 77
Hybrid View
-
07-03-2013, 05:03 PM #1
Reputation points: 4807
- Join Date
- Sep 2012
- Posts
- 199
I got a call from a distressed merchant today. Has an advance (thank god it's not us) with a 31% hold that wouldn't renew so he took out a stack with a $200 daily payment. That hurt so bad that he stacked the stack a week ago that has a $140 daily payment. What an ugly scenario. I doubt anyone gets paid in full. You could hear in his voice. The end is near.
I think stackers will self regulate themselves to some extent. Take it on the chin enough and you're out of the game.