NFL Players taking out HUGE LOANS - CBS Sports

[papachaz]

(05-19-2011 01:30 PM)Beef Wrote:  It's outrageous but not illegal. These guys are out or nearly out of money because like I said, they have no discipline and spend it all immediately without considering the future.

Whoever this is, they needed an un-collateralized loan apparently so 23% on $500k is about right. It's an ultra-high risk investment for whoever gave the money out, it diserves a large reward. Whoever the player is, he's obviously thinking he'll have a paycheck within a couple months and can simply pay the $500k back in full with only a month or two of interest. Hopefully he's right. If not, holy shit is he going to regret it.

but was i right, didn't it make you wanna crap your pants? i'm NOT a financial advisor and it almost did me