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post #1 of 1 (permalink) Old 05-17-2013, 05:55 AM Thread Starter
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Join Date: Oct 2003
Location: Broomfield, Colorado U.S.A
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Western Sky Financial

Anybody seen the ads for this on late night TV? They offer "consumer loans" at high interest rates. From their website:

WESTERN SKY FINANCIAL is owned wholly by an individual Tribal Member of the Cheyenne River Sioux Tribe and is not owned or operated by the Cheyenne River Sioux Tribe or any of its political subdivisions. WESTERN SKY FINANCIAL is a Native American business operating within the exterior boundaries of the Cheyenne River Sioux Reservation, a sovereign nation located within the United States of America.

Check out the chart that shows loan amounts, charges, interest rates, etc. A loan amount of $10k when paid back costs the lucky consumer only $62528.16. Borrowing $500 will cost $2158.64 after 12 months.

I wonder what they'll do to you if you miss a payment?
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