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holderoftruth

NFL players seeking High-Risk "Lockout Loans"

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holderoftruth    168

Something different than all the draft talk....

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."

http://www.thepostgame.com/features/201104/tpg-exclusive-cash-strapped-nfl-players-seeking-high-risk-lockout-loans

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.

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Swarly    5

this will end well

would bet that the average household(let's just say around $60k'ish/year type families) have more in savings than most NFL players.

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Pox 08    2,185

this will end well

would bet that the average household(let's just say around $60k'ish/year type families) have more in savings than most NFL players.

Whatever! Floor length fur coats and bling ain't gonna pay for itself. Only fools "save for a rainy day". Everyone else needs to have monogrammed diamond jewelry that can only be resold for a fraction of the price because of it being personalized.

  • Pie 2

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OchoNueve    158

the longer this lasts, the number of players who need financial assistance will increase... eventually the majority of the players will overrule the 10% of the ridiculously high paid players who can still afford to fight a lockout. It just takes time for over-paid, spoiled, athletes to gain perspective on the matter.

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blackcat    1,631

So basically, these idiots are going out and getting loans from Advanced America to pay for their lifestyle, rather than say, getting a job? That dude from our team was on the practice squad...WTF is he doing going to clubs and hanging out in the VIP? I really feel sorry for these guys.

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