Ok, dimwits, let me explain: my son smokes a bit o' weed. A dealer made him a pact - will give you free weed, but you act as middleman and sell some for me. In exchange for the free dope, you repay me or the weed that you sell.
Well, Son was selling the weed, but spending the money and not...
Will you call the police, Zigner? You seem to be a person of much sway. Maybe they'll listen to you and stop this madness. Son has issues now with the drug dealer...what issue will he have with the loan shark in 6 months when he can't pay up? Both are bad burrito's, if you get my drift
Believe me, I have. They sit back and do nothing. Even told them who the dealer is, with address to boot. Zigner, if you'd like to intervene, please contact the police on my beha
I was trying to explain to him how paying back $4k on a $10k "loan" in 6 months is stupid, since he won't listen...
Found out that my son is dealing with a loan shark. He borrowed $10,000 and needs to pay the principal ($10K) plus the interest ($4,000) in 6 months. So, pay back $14k in 6 months. What does that figure out to be as ___% interest rate?
2nd option, pay back $6,000 at 12 months. So, pay back...