According to a financing source, these interest rates range from 18 percent to 24 percent, and upon default, they can rise as high as 36 percent.
"I know at least 16 different teams that have had players go out and have to set these [high risk loans] up," said the adviser. "Guys on the Dolphins, Saints, 49ers, Panthers, Chargers, Bears, Vikings."
Interesting read, who do you think the players are form the panthers? My guess is Otah so he can support his out of control junk food habit.