28 May 2006
From the Screwing for Chastity Department
The letter opens:
Call 1-888-[redacted] and be on your way to becoming debt-free!
And how do I do this? Why, by borrowing a ton of money, of course.
The terms aren't particularly arduous, although they're careful to quote only the numbers for those folks who qualify for 7.49% APR. (At least it's a fixed rate, assuming you keep your nose clean.) Still, based on their table, and presuming that they'd grant me this rate, which is not impossible inasmuch as they don't charge me much more than that for a MasterCard, borrowing, say, 30k would cost me somewhere around $480 a month, which is more than my mortgage payment (P&I, anyway), and there's a transaction fee of 3%, which is nine hundred bucks, which technically doesn't figure into the APR.
All that and it would still take seven years to pay it off.Posted at 7:00 PM to Common Cents