Even if your credit is wrecked, you're recently divorced and you just declared bankruptcy, he will give you a loan.
"Call the King of Kash," the ad urges. You can get approved in ten minutes with no credit check. You can take out $100 or $3,000 or any amount in between. You don't need to sign over your gold chain or your engagement ring as collateral. In fact, Silverman will pay you to take out a loan from him. In a half-page Thrifty Nickel ad offering "Instant Cash," Silverman, done up to look like Andrew Jackson, stares out from a $20 bill, which is what he'll give you to sign on as a first-time borrower.
Silverman's ads tout sixteen businesses at eight locations all over the metro -- several in Kansas City, as well as in Gladstone, Independence, Grandview and Raymore. The Bob's Loan Company ad shows a photo of a stogie-sucking bald man with $10 bills sticking out of the pocket of his plaid sport coat. The ad for Uncle Bucks features a cartoon cowboy shouting "Hey Buckaroos! Need Xtra Cash?" In the ad for Dr. Dollar, a grinning whitecoat holds up a stethoscope with a dollar sign on it.
In case anyone might have trouble finding Silverman's main office, at 83rd Street and Wornall Road, a giant yellow billboard across the street -- with his picture on it -- points the way with a big red arrow. Outside the office, a sign reads "A-1 Premium Acceptance" -- one of three business names Silverman has registered at that location. (He also calls it the King of Kash, Brookside Loans and Signature Loans Inc., according to records on file at the Missouri secretary of state's office.) A small sign next to a mailbox instructs, "Drop Payments Here."
One Wednesday morning this summer, a wispy 71-year-old woman emerged from the office, squinting in the sunlight. A retired phone operator for the Jackson County Courthouse, Lucille Mallory said she had gone inside to pay off a balance of $89 that her daughter owed.
"They kept sending notices to the house," she said, "and I didn't want them to keep saying we owed money no more, so I came and paid it."
Mallory told the Pitch she had taken out other loans from the King of Kash after seeing his ads in the Thrifty Nickel -- she once borrowed $100 so she could gamble at the casinos. "It was so I could have a little extra cash to take to the boats. I only take out money if I really, really want to do something," she said as she opened the door of a waiting friend's car.
Then a woman drove up, two fuzzy, pink hearts dangling from her rearview mirror. Shouldering a hefty backpack, she walked into the office, traversed the stained, gray carpet and slumped in a seat along the wall. She looked glum as she jangled her keys.
The room smelled of Lysol, mildew and bubble gum; its only noise was the ringing of phones and the constant whirring of an adding machine. Three windows were labeled: Loans, Loans, Collections. A clerk dressed in a baggy blue sweatshirt stood behind the first window, watching while a pale woman in shorts and a tank top rested her bony elbows on the counter.
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I have also made the horrible mistake of taking out a loan with this company. I tried to pay the interest and part of the principal and was informed that I could not do that with this company. I would have to pay the whole thing or pay the same amount of interest whether I owed 1 or 500 dollars my interest would be the same every month and It didn't matter if I paid the loan 1 day into the month or when my interest was due on the 26th I would still have to pay all interest. please consider anyone besides this horrible company. I have had seven payday loans at a time and this is the worst of the worst...............
I have also made the horrible mistake of taking out a loan with this company. I tried to pay the interest and part of the principal and was informed that I could not do that with this company. I would have to pay the whole thing or pay the same amount of interest whether I owed 1 or 500 dollars my interest would be the same every month and It didn't matter if I paid the loan 1 day into the month or when my interest was due on the 26th I would still have to pay all interest. please consider anyone besides this horrible company. I have had seven payday loans at a time and this is the worst of the worst...............
this is a old article but i am currently a person who has made the mistake of taking out loans with this company over the course of a year. it is taking a toll on my health and my marriage etc. i have tried getting them to work with me cause i cannot afford to make the monthly payments they require and i was denined. but i was called at work and threatned legal action on. i have contacted consumer credit counseling and they refuse to work with them. all of these companies are BAD the interest and fees should be illegal and i stress to you as another victim DO NOT take out a loan with them!!
this is a old article but i am currently a person who has made the mistake of taking out loans with this company over the course of a year. it is taking a toll on my health and my marriage etc. i have tried getting them to work with me cause i cannot afford to make the monthly payments they require and i was denined. but i was called at work and threatned legal action on. i have contacted consumer credit counseling and they refuse to work with them. all of these companies are BAD the interest and fees should be illegal and i stress to you as another victim DO NOT take out a loan with them!!
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