# Cash Tomorrow loans **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 5, 2012, 7:07pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988 "2012-03-05T19:07:50Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![jimmyfloyd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jimmyfloyd/32/3077_2.png) [@jimmyfloyd](https://forums.speedlife.net/u/jimmyfloyd)\ **Post date:** [March 5, 2012, 7:07pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/1 "2012-03-05T19:07:50Z")
Saw these commercials on TV tonight for this place where you can get $5000 in your bank acount in 24 hours. Their line was “Yes, it’s expensive, but where else can you get that amount of cash, that fast.” Then I caught the APR and nearly spit my drink out. How is that even possible? [http://www.westernsky.com/General/Rates.aspx](http://www.westernsky.com/General/Rates.aspx) If you do the math, it’ll cost you over $40k if you go the full term… How is this even possible and legal? ---
**Author:** ![Londonmax](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/londonmax/32/5914_2.png) [@Londonmax](https://forums.speedlife.net/u/Londonmax)\ **Post date:** [March 5, 2012, 7:58pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/2 "2012-03-05T19:58:36Z")
![http://www.myfacewhen.net/uploads/1939-thefuck.jpg](http://www.myfacewhen.net/uploads/1939-thefuck.jpg) ---
**Author:** ![Multisynclg](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/multisynclg/32/5328_2.png) [@Multisynclg](https://forums.speedlife.net/u/Multisynclg)\ **Post date:** [March 5, 2012, 8:56pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/3 "2012-03-05T20:56:04Z")
[http://www.google.ca/search?client=safari&rls=10\_5\_8&q=western+sky+wtf&ie=UTF-8&oe=UTF-8&redir\_esc=&ei=mJhVT\_qSCqjk0QGvrZyaAw](http://www.google.ca/search?client=safari&rls=10_5_8&q=western+sky+wtf&ie=UTF-8&oe=UTF-8&redir_esc=&ei=mJhVT_qSCqjk0QGvrZyaAw) a lot of people feel the same way its unreal ---
**Author:** ![Mike93](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mike93/32/7325_2.png) [@Mike93](https://forums.speedlife.net/u/Mike93)\ **Post date:** [March 5, 2012, 9:24pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/4 "2012-03-05T21:24:50Z")
Seems like a good deal. As to how they can do it…perhaps this is the reason: “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.” ---
**Author:** ![Jon](https://avatars.discourse-cdn.com/v4/letter/j/3bc359/32.png) [@Jon](https://forums.speedlife.net/u/Jon)\ **Post date:** [March 5, 2012, 9:36pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/5 "2012-03-05T21:36:46Z")
Wow,I wont forget about them when its time to get the bucket list loan. :tup: ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [March 5, 2012, 11:45pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/6 "2012-03-05T23:45:15Z")
meh, it’s probably cheaper than a set of new knee caps. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [March 6, 2012, 4:31am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/7 "2012-03-06T04:31:14Z")
Poor people problems. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 6, 2012, 4:49am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/8 "2012-03-06T04:49:52Z")
So here’s a good question. If it’s a loan that is completely illegal in the United States, what chance does this guy have of collecting should someone take that loan and then just tell him to fuck off? I doubt he can send it to collections. Local police aren’t going to help him enforce his offshore loan sharking business. ---
**Author:** ![Beck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/beck/32/28683_2.png) [@Beck](https://forums.speedlife.net/u/Beck)\ **Post date:** [March 6, 2012, 6:39am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/9 "2012-03-06T06:39:59Z")
> [@JayS](#): > > So here’s a good question. If it’s a loan that is completely illegal in the United States, what chance does this guy have of collecting should someone take that loan and then just tell him to fuck off? I doubt he can send it to collections. Local police aren’t going to help him enforce his offshore loan sharking business. “ **All loans will be subject solely to the exclusive laws and jurisdiction of the Cheyenne River Sioux Tribe, Cheyenne River Indian Reservation. All borrowers must consent to be bound to the jurisdiction of the Cheyenne River Sioux Tribal Court, and further agree that no other state or federal law or regulation shall apply to this Loan Agreement, its enforcement or interpretation.** The loan agreement contains an agreement to arbitrate all disputes in which borrowers agree to waive their right to a jury trial, to have a court decide any dispute, and to participate in a class action lawsuit, and to certain discovery and other procedures that are available in a lawsuit.” ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 6, 2012, 6:46am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/10 "2012-03-06T06:46:03Z")
Yeah, so like I said, what happens if I take $5000 and tell the guy to go fuck himself? NY and the Fed aren’t going to extradite me to the Cheyenne River Indian Reservation. I’d have to make sure I never step foot on their land but that doesn’t seem like a big hardship. 🙂 ---
**Author:** ![97FormulaWS-6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/97formulaws-6/32/7384_2.png) [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)\ **Post date:** [March 6, 2012, 6:48am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/11 "2012-03-06T06:48:11Z")
They have those Pay-day and title loan places all over the place out here; they’re on just about every corner, and I’m not exaggerating. Their interest rates are something like 10-20% PER WEEK! ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 6, 2012, 7:06am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/12 "2012-03-06T07:06:54Z")
In b4 government guarantees those loans and provides bailout funds to shore up the financials. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [March 6, 2012, 7:12am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/13 "2012-03-06T07:12:31Z")
Apparently they sell all the loans to a non-Indian company within 3 days of origination. Not sure what happens from there. I’m sure they’re trying to circumvent state collection practices laws. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 6, 2012, 7:28am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/14 "2012-03-06T07:28:17Z")
Good read > **[Payday Lenders Join With Indian Tribes](https://www.wsj.com/articles/SB10001424052748703716904576134304155106320)** > > The tribes are shielded from interest-rate caps and other payday-loan regulations because of the sovereign immunity granted to them by the U.S. government. ---
**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\ **Post date:** [March 6, 2012, 7:28am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/15 "2012-03-06T07:28:44Z")
> [@JayS](#): > > Yeah, so like I said, what happens if I take $5000 and tell the guy to go fuck himself? NY and the Fed aren’t going to extradite me to the Cheyenne River Indian Reservation. I’d have to make sure I never step foot on their land but that doesn’t seem like a big hardship. 🙂 Haven’t we taken enough from these people… :lol: ---
**Author:** ![Neon](https://avatars.discourse-cdn.com/v4/letter/n/f19dbf/32.png) [@Neon](https://forums.speedlife.net/u/Neon)\ **Post date:** [March 6, 2012, 10:25am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/16 "2012-03-06T10:25:45Z")
Western Sky group buy? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 6, 2012, 11:03am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/17 "2012-03-06T11:03:17Z")
> [@ProgRocker](#): > > Haven’t we taken enough from these people… :lol: $5,000 loan, with 84 payment of $486.58 for a total paid back of $40872.72 Nah, we can still take some more. 🙂 Pretty sure that loan deal is worse than selling Manhattan for $24 in beads. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 6, 2012, 11:06am UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/18 "2012-03-06T11:06:16Z")
> [@JayS](#): > > **Pretty sure that loan deal is worse than selling Manhattan for $24 in beads.** ROFL! ---
**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\ **Post date:** [March 6, 2012, 2:25pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/19 "2012-03-06T14:25:53Z")
> [@JayS](#): > > $5,000 loan, with 84 payment of $486.58 for a total paid back of $40872.72 > > Nah, we can still take some more. 🙂 > > Pretty sure that loan deal is worse than selling Manhattan for $24 in beads. Those were high quality American Flag bead pins…they got their monies worth. ---
**Author:** ![97FormulaWS-6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/97formulaws-6/32/7384_2.png) [@97FormulaWS-6](https://forums.speedlife.net/u/97FormulaWS-6)\ **Post date:** [March 6, 2012, 2:34pm UTC](https://forums.speedlife.net/t/cash-tomorrow-loans/220988/20 "2012-03-06T14:34:59Z")
You think those rates are bad… [http://www.checkcity.com/utah-rates.aspx](http://www.checkcity.com/utah-rates.aspx) there is one of these exact places like there are Tim Hortorn’s in Buffalo… highest I see is 886.43%!! ---------- Post added at 03:34 PM ---------- Previous post was at 03:34 PM ---------- You think those rates are bad… [http://www.checkcity.com/utah-rates.aspx](http://www.checkcity.com/utah-rates.aspx) there is one of these exact places like there are Tim Hortorn’s in Buffalo… highest I see is 886.43%!! [Next page](https://forums.speedlife.net/t/cash-tomorrow-loans/220988.md?page=2)