Found pamphlets strewn on the street, among the Georgian restaurant menus and other ads. “Borrow $1000, pay only $10 per day.” Which I suppose may be considered a good deal in the financial underworld.
Of course they don’t say how many days that might be.
The ones you’ll be spending in traction at the local hospital while your legs mend.
Well, now you’ve talked me out of my plans of opening a thousand-dollar Georgian restaurant.
I’m sure that at 365% interest they are not in too much of a hurry for you to pay it all back. I wouldn’t skip any payments, though.
What do payday loans cost?
In his book and TV series “The Ascent of Money” Nial Ferguson showed the example of the loansharks working in Glasgow.
This is Shettleston in the East End of Glasgow . It’s actually where my grandmother used to live. … one of the grimmest places in the whole of Western Europe… average male life expectancy here is just 64…nobody would be mad enough to try and provide financial services here. But someone does.
That someone is a loan shark. You give him your benefit card as security and he gives you a loan. On the day your benefit arrives, he gives you back the card and you go to the post office to get your money, repaying him the interest…
These are some pages from the loan book of a Glasgow loan shark … lend out maybe £10 … expect to be paid back £12.50 at the end of the week…25% a week… annual rate … 11 million per cent.
Which is why there is the Scottish Illegal Money Lending Unit
That’s an exaggeration. It’s only 11 million percent interest if you don’t pay anything at all for a year. Of course by then the tenner you borrowed will cost £1,094,764 to repay.
Plus hospital expenses
Jesus. I’m so sheltered.
I swear I read that as Load Shark Sperm.
I was hoping for a culinary review of spam made from loan sharks. But I guess that would be over in Cafe Society.
I did inherit my Daddy’s bookie when he died.
I dodged that man for a whole year thinking my Daddy left a debt to him. He finally cornered me and gave me an envelope. $1100.
Sweet.
I wonder how much those 1,100$ were really worth to start with before he deducted the interest for the whole year you avoided him.
Seems like a fine organization, though it has the unfortunate tendency to sound like that’s where you go if you’re looking for a loan shark. I wonder if they get any calls from desperate would-be borrowers? 
An honest bookie! Who’d a thunk it? 
I’m not sure you understand how this works.
I believe I do: this is just a simple message board. You hit “reply” and post your opinion. Easy peasy. You don’t even have to be right!
Sorry to underestimate you, it seems you do know how it works.
I prefer South Ossetian restaurant menus, personally.