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699% interest?
....This is genuinely fucking moronic. Like, I'm not giving you props for this, this is an absolute dipshit move.
If you wanted to take out a loan to gamble on GME you could have gotten a personal loan against your car or other collateral at like 12-13%.
This isn't laudable. This isn't 'haha let's go to the craps table.' This is fuckin STUPID.
Even a credit card would be 29.99 at worst, the fuck is this guy doing. GME going up 100% in a year would be great. This guy is fucked. Lol looking forward to me BJ behind Wendyβs OP!
My dude I'm not sure if this is just a straight up manic episode you're having, but this is not me harshing your vibe or anything.
This is an absolutely PREDATORY loan. 699% interest is not just insane, it's fucking LUNACY.
Ascend Loans are notoriously predatory, and you sound some kind of desperate that this kicks off.
Please, this is not from a place of jealousy or trying to call you stupid, but this is from genuine concern Ape to ape.
Do NOT follow through with this loan. You will owe far more than what the Estimate says because of how Ascend works. This will not work out in your favor, no matter where the stock goes.
Thank you for your concern π¦ Iβm not very good at reading as I couldnβt past a 2nd grade reading level, but I know what you mean π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
If you have NOT actually finalized this loan, I am urging you not to do so. Ascend is notoriously scummy. Just look them up on Better Business Bureau, and please, if you're going to take out a loan to buy stock, do so more responsibly than this.
Oh lovie, please listen to a boring old ape-wife, you're making a very foolish move that is NOT going to end well for you.
Paying a company close to $6000 for a $1000 loan isn't all-in, nor is it laudable.
It's sad, and you really ought not do it.
**This IS financial advice!!!**
Plenty of articles describe us as gambling away our money and pointing out our financial situations. While I personally donβt care about your financial situation, I just think this is a genuine waste of money. Think of how much more stock you could buy in the long run if you werenβt giving it away to a predatory company. Your life your choices, Godspeed and good luck.
Iβm joking πβ¦ fk no Iβm not joking!!! Why would anyone care about my financial status π§ Iβll handle that shit by next paycheck! Iβll sell my wifeβs bfs kidney in a month! Itβs just his boat title anyhow π§ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ¦
if you legitimately put your boat title as collateral, I want you to understand that they do not stop charging interest until the collateral has been received and assessed to market value.
They'll take that collateral, and continue charging you interest on the remainder. These kinds of predatory loans rapidly outstrip their collateral.
We'll try to put this simple. If you are willing to make a financial decision like this then any "tendies" you get will be gone in no time, no matter how much you get.
This post should be removed. This sets a bad example for fellow apes. Please, avoid borrowing money to invest in stocks, especially at rates like you see in this picture.
Continue to buy (what you can afford to risk losing), hold, and DRS.
Being stupid it's OK. Being proud of being stupid it's OK, too.
Advertising really stupid things it's not OK. It makes one think about secret agendas.
Like a 700% loan, when even credit cards charge around 30%, and personal interest loans or equity loans are around 10%.
Like suggesting that people should sell everything, and then bet everything on one thing.
Historically, for some, it worked. For most, it did not.
Let's say, a couple months down the road, the headlines will be :
*"Thousands of people get bankrupted because of criminal financial advice on Reddit. The good guys on WallStreet and CNBC tried their best to protect them, but simply they couldn't.*
*The only market manipulation was done on Reddit.*
*We need tougher laws. We need to put the criminal reddit contributors on jail"*
Can you imagine how much will be willing to pay, say a certain Kenny, for such headlines ?
A million $?
A billion $, maybe ?
Rule #1: never invest money you don't have.
Disclaimer: This is not financial advice. Perform your own due diligence and consult a financial expert before making investment decisions.
This needs to be discouraged at every level. Never gamble with what you can't afford to live without.
Homey took out a 700% interest loan, fuckin loan sharks don't even charge this much.
Dude, I don't know whether to applaud the regardedness or be flabbergasted you couldn't get a $1000 loan without collateral.
Either way you gave me a chuckle looking at this.
I can just see it. Some news outlet is going to pick this up and use it to smear this group.
You do you but you dont need to share this. Doesn't help at all.
The news cares about no one but their corporate masters. Let the news troll Gme as they always do already π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ fk the news
Iβm going to be completely honest here. Iβve hereβd of some shitty auto loans, but did not know it was even possible to see that large of an interest on any type of loan holy hell.
If I am not calculating wrong with my math with 1k you could buy 40 shares let say at $25 so you need the stock to go at least $50 and you pay your loan back.
More than $50 per share and you win.
If I misunderstanding something someone please correct me.
Good luck!
Dam π«’ no bro donβt stay in, get rid of that shit within the week! Sell a car or a kidney! But yes :) risk-ay risk-ay π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Plays like this are why you don't have 1000$ to spend. 7x to break even, 175$ before you see profit. If it doesn't pop tomorrow you've just hamstrung yourself into 40 shares instead of 280 over the term.
That being said I hope you're right, let's get this bread.
If you are investing long term it would be safer and more affordable to just invest what you have on hand without leverage/borrowing. As of now you'll be paying the bank up until 175$ / share. Godspeed.
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700%, halve it such that 350%, since this would equate to two more loans rather then one hence 2k instead of 1k, while still high interest
Nfa
Ask other companies or banks, they are competitive
Your post/comment has been removed because you have broken Rule #5: - Use an appropriate flair - e.g. do not flair your post as DD if it is not Due Diligence. - No discussion of politics or religion, keep the focus on GME. - Posts must be GME related, or related to GME Partners. - No self promoting, or websites of personal/company social media sites. Must be Official GameStop. - Do not ask for upvotes. - If you want to make a post as a question, use the 'Question' flair and make sure that it is a sensible question with appropriate context. If you would like to contest this, please contact the moderators by Modmail: https://www.reddit.com/message/compose?to=/r/GME - Do not contact mods outside of Modmail, as that is against Rule 1. Thank you.
699% interest? ....This is genuinely fucking moronic. Like, I'm not giving you props for this, this is an absolute dipshit move. If you wanted to take out a loan to gamble on GME you could have gotten a personal loan against your car or other collateral at like 12-13%. This isn't laudable. This isn't 'haha let's go to the craps table.' This is fuckin STUPID.
^ yeah this is dumb afβ¦ and thatβs coming from someone who is all in and sold their car to be further all in
I'm glad this is the top comment. 100% agree. Not sure what OP is trying to achieve here.
This is the kinda stuff that leads to regulators coming in and making life hard OP is why we can't have nice things
Even a credit card would be 29.99 at worst, the fuck is this guy doing. GME going up 100% in a year would be great. This guy is fucked. Lol looking forward to me BJ behind Wendyβs OP!
So silly ππππππ
Thank you π«‘ I appreciate your sympathy and acknowledgment π¦ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
My dude I'm not sure if this is just a straight up manic episode you're having, but this is not me harshing your vibe or anything. This is an absolutely PREDATORY loan. 699% interest is not just insane, it's fucking LUNACY. Ascend Loans are notoriously predatory, and you sound some kind of desperate that this kicks off. Please, this is not from a place of jealousy or trying to call you stupid, but this is from genuine concern Ape to ape. Do NOT follow through with this loan. You will owe far more than what the Estimate says because of how Ascend works. This will not work out in your favor, no matter where the stock goes.
Thank you for your concern π¦ Iβm not very good at reading as I couldnβt past a 2nd grade reading level, but I know what you mean π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
If you have NOT actually finalized this loan, I am urging you not to do so. Ascend is notoriously scummy. Just look them up on Better Business Bureau, and please, if you're going to take out a loan to buy stock, do so more responsibly than this.
Do you? Because if you did, you would not be doing this.
Either op is actually mentally challenged, or most likely they are trying to make us all look like idiots by association.
Agreed. FUD post to make apes look bad to boomers
100% It costs me nothing to hold One share is 20fucking bucks Just buy one, if you canβt afford more HFs are the fucked ones, why fuck myself?
Too late you invested and youβre cooked ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Iβm all for investing but this is straight up stupid.
Thank you ππΎ sir π§now show me tendies or show me hedgie tears πππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
A collateralized loan at that rate! This loan is criminal.
It would actually be illegal in Canada. I think the threshold is currently at 60%, any more than that is illegal.
This is what we call βpredatory lendingβ.
Hedgies wanna fk π§ loan sharks wanna fk π well letβs get the fkin-ing going π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Bro stop being poor and make money the normal degen way of shooting your shot on spy calls. Then come back and play with the big boys
Oh lovie, please listen to a boring old ape-wife, you're making a very foolish move that is NOT going to end well for you. Paying a company close to $6000 for a $1000 loan isn't all-in, nor is it laudable. It's sad, and you really ought not do it. **This IS financial advice!!!**
This person is trolling. 100%. Just trying to make a post to take screenshots to post on other forums. Block OP and ignore!
Wow. That's kinda sad, too.
Very
Thank you for your loving words ape mom π¦§π«‘π΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
This is dumb. No one do what this poster is doing.
π€ͺItS NoT FoR eVErYOnEπ€ͺπππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Boy, this feels sus. I wouldnβt be surprised if MSM covers homeboy over here getting a loan from Clown World.
Or the meltdown page using this post as a strawman
Why would anyone care about others financial situation π€£ msm would do so just to paint a picture, like RC selling π€£π€£π€£
Plenty of articles describe us as gambling away our money and pointing out our financial situations. While I personally donβt care about your financial situation, I just think this is a genuine waste of money. Think of how much more stock you could buy in the long run if you werenβt giving it away to a predatory company. Your life your choices, Godspeed and good luck.
LFG βπΌππ«‘π΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Lmao. All for 1k.
Youβre right! I need at least 2-3 moar!!!
Youβre either a troll, an idiot or both. There is nothing to commend about this. But Iβll leave it to you to find that out for yourself
Thank you ππΎ π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ we will find out very soon βπΌπβπΌ
I'm convinced shit like this is to make investors look irresponsible and reckless
Iβm glad you have a brain π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ happy for you, truly
Absolutely has to be a troll
𦧠wut mean
That's..., but..., you....., How..., WTF?
And Dr. Dre said Nothing, you idiots, Dr. Dre's dead, he's locked in my basement (Ha-ha!)π€ͺππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
..what
Tomorrow! 6/21, quad witching day πππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ But the question should be where???
Please see a doctor for a psych eval
I did! I past π€ͺπ«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
The test being positive is not considered a positive thing
It said chlamidya +, Iβm good homie. You donβt need to worry π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Put this guy on a watch list.
All you need to do is watch the ticker π§ππΎππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Stop replying as if itβs real
π€£π€£π€£ tendies or bust! ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
bust is literally the only outcome here.
Please be joking...
Iβm joking πβ¦ fk no Iβm not joking!!! Why would anyone care about my financial status π§ Iβll handle that shit by next paycheck! Iβll sell my wifeβs bfs kidney in a month! Itβs just his boat title anyhow π§ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈπ¦
if you legitimately put your boat title as collateral, I want you to understand that they do not stop charging interest until the collateral has been received and assessed to market value. They'll take that collateral, and continue charging you interest on the remainder. These kinds of predatory loans rapidly outstrip their collateral.
Thank you for the sound suggestions βπΌππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
We'll try to put this simple. If you are willing to make a financial decision like this then any "tendies" you get will be gone in no time, no matter how much you get.
This post should be removed. This sets a bad example for fellow apes. Please, avoid borrowing money to invest in stocks, especially at rates like you see in this picture. Continue to buy (what you can afford to risk losing), hold, and DRS.
I tried reading the paragraph but I got lost after bad. Thank you for the after thought π§ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
this is fake.. just a generic Payday page on the net to gain clicks
You can believe what you wish :) itβs your life π«‘ like your shares are YOUR REAL shares π§ππ΄ββ οΈπ΄ββ οΈ
A loan shark would be cheaper... 
Where sign? π¦§
Being stupid it's OK. Being proud of being stupid it's OK, too. Advertising really stupid things it's not OK. It makes one think about secret agendas. Like a 700% loan, when even credit cards charge around 30%, and personal interest loans or equity loans are around 10%. Like suggesting that people should sell everything, and then bet everything on one thing. Historically, for some, it worked. For most, it did not.
Thank you for your kind words π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Let's say, a couple months down the road, the headlines will be : *"Thousands of people get bankrupted because of criminal financial advice on Reddit. The good guys on WallStreet and CNBC tried their best to protect them, but simply they couldn't.* *The only market manipulation was done on Reddit.* *We need tougher laws. We need to put the criminal reddit contributors on jail"* Can you imagine how much will be willing to pay, say a certain Kenny, for such headlines ? A million $? A billion $, maybe ?
Are you trolling? Jfc this is terrible, mate.
π€£π€£π€£π€£ππΎ
Yeah I donβt believe this for a second
Is this even real lmao
Does a dragon shit fire? π₯πππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
There's no way this is real. Where the fuck do you even get a loan at 700% interest?
Dammit it does it say 700%? I asked for 696.9β¦ those fks π‘
βπΌβπΌβπΌβπΌππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
10% interest in France for a loan like this. What are you doing? π
Wut mean π¦§
600% interest is crazy. Use Defi you will have a lower interest
There is no way this is real.
Life can be unbelievable π«‘ππ΄ββ οΈ
Rule #1: never invest money you don't have. Disclaimer: This is not financial advice. Perform your own due diligence and consult a financial expert before making investment decisions.
Itβs not my money, itβs theirs π«’
This isnt real! Looks like a PsyOp post. To portray GME investors as "irrational"
Itβs only me bro! Lolll thereβs one person not everyone
This needs to be discouraged at every level. Never gamble with what you can't afford to live without. Homey took out a 700% interest loan, fuckin loan sharks don't even charge this much.
Youβre not wrong π«‘ if you canβt afford, donβt do it
this is full blown regard, but do u my man DRS
π«‘π£π£π£β»οΈβ»οΈβ»οΈπ£π£π£β»οΈβ»οΈβ»οΈ696969
Dude, I don't know whether to applaud the regardedness or be flabbergasted you couldn't get a $1000 loan without collateral. Either way you gave me a chuckle looking at this.
Yes, I concurβ¦ π§ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Ahh someone with the ol' wallstreetbets mentality... This brings me back... On par with the guy who said he was going to dump his student loans in!
Smart man βπΌπ
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
This is the dumb that the media will pick up for the narrative meme investor.
Yes ππΎ
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Thank you for your condolences π«‘ππ΄ββ οΈπ΄ββ οΈ
If you sign this, you deserve it.
Man... WTF
Couldnβt tell you π¦§
In EU such interest is actually not legal
America is on another level π«‘
π€£
Bro are you fucking retarded Takes out a loan for $1000 at 700% APR???
Does it say 700? Damn I asked for 696.9% tf !
I can just see it. Some news outlet is going to pick this up and use it to smear this group. You do you but you dont need to share this. Doesn't help at all.
The news cares about no one but their corporate masters. Let the news troll Gme as they always do already π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ fk the news
In german we would say WUCHER β¦ SACH MA SPINNT ER ?!?
I think it actually is criminal
Dafuq. Ur better ubering for 2 days for 1k than this ..
Do a tour behind the Wendyβs dumpster for some shares if you have to, but fuk off with that nonsense.
Iβm going to be completely honest here. Iβve hereβd of some shitty auto loans, but did not know it was even possible to see that large of an interest on any type of loan holy hell.
6k total repay on a 1k loan. Please don't do that to yourself, that's seriously the dumbest shit you can possibly do.
Just buys shares on a bi weekly basis instead of getting a loan like this!
694,20% would have been cooler mate.
This is fake FUD
If I am not calculating wrong with my math with 1k you could buy 40 shares let say at $25 so you need the stock to go at least $50 and you pay your loan back. More than $50 per share and you win. If I misunderstanding something someone please correct me. Good luck!
π¦§maths checks out, I canβt read very well tho. 69 looks like a good # ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
Maths checks out ? You borrowed $1.000 (40 shares). You need to pay back $5.700. Shares need to be at $142.5 just to pay back your loan.
fake... but real lulz
My dude. I will loan you $2,000 and you only need to pay back $3,000.
Thank you :) ππΎ
Dear sweet baby Jesus, please let the price hit $100 so I can sell it all and delete Reddit and forget any of this
PS. I would like to thank my wifeβs bf for yoloβing the title to his boat as collateral! 6/21, letβs get messy π€ͺπ₯
Man I did this three years ago. Donβt do it. I fucked myself and am still in debt. Still holding though.
Dam π«’ no bro donβt stay in, get rid of that shit within the week! Sell a car or a kidney! But yes :) risk-ay risk-ay π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
I love this
Man I can't wait to see the nothingburger tomorrow. GME is all over my feed for whatever reason. Endless entertainment atleast.
Who said tomorrow is going to be amazing? MOASS is ALWAYS tomorrow!π§ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Always make sure thereβs enough bananas for tomorrow π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ MOASS is always tomorrow
Plays like this are why you don't have 1000$ to spend. 7x to break even, 175$ before you see profit. If it doesn't pop tomorrow you've just hamstrung yourself into 40 shares instead of 280 over the term. That being said I hope you're right, let's get this bread.
I was looking to hodl long term π«‘ππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ but thank you!
If you are investing long term it would be safer and more affordable to just invest what you have on hand without leverage/borrowing. As of now you'll be paying the bank up until 175$ / share. Godspeed.
Godspeed π«‘ππ΄ββ οΈ
I'm not leaving.. pay me six figures.. and I'll consider it..
π«‘ππ΄ββ οΈ
This is just... Truely regarded
The level is insurmountable π«‘ππ΄ββ οΈ
What the fuck lmao
π€£
GME WILL HAVE TO GO TO ~100$ so you can make +/- 0$ This ist just stupid but you do you (:
Either it will work or file for bankruptcy
This is some simple Jack level s*** man. Wow
Next time borrow more than 1k 1k is not enough
Ur right! Let me pull out two moars πππ΄ββ οΈπ΄ββ οΈπ΄ββ οΈ
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700%, halve it such that 350%, since this would equate to two more loans rather then one hence 2k instead of 1k, while still high interest Nfa Ask other companies or banks, they are competitive
Ty π¦§π«‘ππ΄ββ οΈ
I mean legend?β¦
Or bankruptcy π§ sounds like a win win to me π€ͺππ΄ββ οΈπ΄ββ οΈ