Contact Us

Western Sky Financial – Helpful Loans Or Robbery? [VIDEO]

We’ve all seen the commercials for payday loans, signature loans, and even car title loans.  And when you need cash fast, these types of loans seem like a great option.  But are they really helping you or putting you in major debt?

When I was younger, I wanted money to get out of town so I decided to try a signature loan.  That was the first and only time I ever did that.  The interest rate was insane and although I had a great time, in the end it wasn’t worth the money.

Lately I have been seeing a commercial over and over by a finance company called Western Sky.  The commercial states that you can get up to $10,000 overnight.  Sounds good, especially if you need money fast.  But I noticed the lady say that they were expensive, but worth it.

So I paused the commercial to read the fine print and was blown away.  Here is what I read:

A typical loan of $5,000 has an interest rate of 116.73% and you would be making 84 payments of $486.58.  Insane!  I did the math for you and you would end up paying back $40, 872.72.

I think this is crazy!  How can loan companies get away with this?  People go to them because they are having a hard time financially and then they pretty much rob them blind.  If a person needs $5,000 then they surely do not have $40,000!  And 84 months translates to 7 years.  You will be paying this back for seven years.

If you ever hear anybody say ‘Yes the money’s expensive’  that should be the largest red flag you have ever seen.

Here is a chart off their website that has all their rates and fees.

Now I understand that these types of loans often help people in their time of need, but shouldn’t there be some morals behind it?  Why would anyone want to borrow $5,000 and pay back $40,000?  This should be ILLEGAL!

I am sure you have seen it on TV at some point.  They use a pretty Native American girl to sell it.  What do you think of these types of loan companies?

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Kiss Klub quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Kiss Klub contests, events, coupons, presales, and much more delivered to you for FREE.