# Need cash? Gary Coleman has a 99.25% APR loan for you!

**URL:** <https://forums.speedlife.net/t/need-cash-gary-coleman-has-a-99-25-apr-loan-for-you/32870>\
**Category:** NYSpeed Off Topic\
**Created:** [July 24, 2007, 7:33am UTC](https://forums.speedlife.net/t/need-cash-gary-coleman-has-a-99-25-apr-loan-for-you/32870 "2007-07-24T07:33:08Z")\
**Posts on this page:** 1\
**Showing post:** 11

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**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:** [July 24, 2007, 7:54am UTC](https://forums.speedlife.net/t/need-cash-gary-coleman-has-a-99-25-apr-loan-for-you/32870/11 "2007-07-24T07:54:51Z")

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[quote=“JoesTypeS,post:9,topic:32870"”]

They’re classified as pay-day advances so they don’t fit under typical usury laws…I fucking love this industry it’s taken all the heat of my industry

[/quote]

By law you can only advertise pay-day advances as a fee, not a loan rate. Once you attach a rate it’s not longer a pay-day advance.

We looked into this when we wrote our courtesy pay module for our credit union software. Some CU’s wanted to charge their members a rate instead of a flat fee, but we couldn’t legally add that feature.

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