Don't Sell You High Grade Coins Anymore

[rons]

A lot of members have been complaining that they had to sell their certified coins because of the times.I thought hard,Went to the banks,and I answered the call.There is a new company out there.Dedicated to holding your certified coins and giving you a cash loan. Go to www.certifiedcoinloan.com .A lot of people in here know me and I am honest to my word.Look it up

 

Yikes. you thought hard but what were you thinking about? Yourself, obviously, because you are no friend to a person in need. I can't believe you consider this a service to anyone other than yourself. You are a Boy Scout leader and pull shenanigans like this Shame on you

[Observer44]

10% a year would be OK, 10% a month is insane. You are a Scout leader, your course of action goes against everything the Scouts stand for. If this was reported to your troop you would be sent packing. SUCH ARROGANCE!!!!!!!!!!

[bsshog40]

Well, I feel, the reality of all this actually just outed this poster as to what type of person that he is. My personal opinion now would be no dealings whatsoever, now or in the future. When someone is unable to comprehend the difference between offering help to a fellow collector and loan sharking them, is a person of no integrity. This looks like an offer to catch a person when they are down, and swindling them out of thier hard earned collection. If I were to become this desparate, I would have to just defer to auction methods and sell my coins out-right for the money I needed.

[PCcoins]

If you needed money that bad without selling your coins, all you have to do is go to a local pawn shop and take out a loan for some coins. I know they don't even charge 10% a month! I'm not sure of their interest rate but I know it's lower than 10%.

 

So you need to reduce your interest rate a lot and then you would be helping us out and yourself. Not just yourself

[RareSov]

I agree with bsshog40 (and EVERY other post in here, doesn't that say something to you Paul !)

[bartlesvilleok]

Has anyone sent you coins to hold yet?

 

Maybe I should start a site like this and only charge 5% per month.

[walt666-migration]

Just another way to "Destroy the Competition", IMO.

[jgrinz]

Just another way to "Destroy the Competition", IMO.

 

ahh someone else put two and two together also. I know Paul and his shenanigans on the Journals hence my post on his Help the Boy Scouts plea on the coins forum.

This guy is a piece of work ... I feel sorry for their troop.

 

 

 

[Revenant]

I agree with bsshog40 (and EVERY other post in here, doesn't that say something to you Paul !)

 

If there's one thing about Paul that has always amazed me, it's his ability to continuously convince himself that he's right and that everyone else is a bunch of insufficiently_thoughtful_persons, regardless of evidence to the contrary.

[JJSingleton]

I know you can talk bad about me if you want..But I promise,I will be there for you if you need me.

I will sleep better tonight knowing this.

 

I haven't posted over here for a long time, but this guys post just tickled me.

[bsshog40]

I know you can talk bad about me if you want..But I promise,I will be there for you if you need me.

I've heard this line before. Oh yea, I remember now, but I didn't vote for him!

[Schatzy]

I know you can talk bad about me if you want..But I promise,I will be there for you if you need me.

I will sleep better tonight knowing this.

 

I haven't posted over here for a long time, but this guys post just tickled me.

 

[PCcoins]

With all of the negativity towards Mr. Kiraly's personality and responses, I'm surprised he still posts around here?

 

He must not let the comments get to him.

[ant]

i can go to my local pawn and get a better deal. heck i needed money in a pinch and my friend at the local pawn loaned me money with no interest. i borrowed 2500 and i pay back 2500.

 

why u may ask.... cause she has a heart at the time of need. she loses no money by waiting and gets every penny back. that is helping in a time of need.

 

 

 

 

[EZ_E]

10% interest per month is an insult. It is morally and scripturally wrong. I just lost lots of respect for you, Paul. And as an earlier poster mentioned, you are deluding yourself if you think that you are providing a service to anyone but yourself.

 

My Bank of America platinum credit card just changed my locked in 9.9% APR to 15.6% variable. I canceled the account because of this insult. Your audacity far exceeded their's.

 

If I were in a bind then I'd much prefer to sell a coin outright instead of subjecting myself to your terms. And what price guide are you using to determine 70% of the value?

 

I personally think that you stepped way over the line and should think long and hard before posting on these boards again.

[x2rider]

I must of missed my Loan Sharking badge when I did scouts . Looks like you managed to get yours paul , With bar

[jgrinz]

I would like to think that these coin books are actually going to the scouts but I have my doubts

 

[timward75]

how many paul kiraly's are there it seems like all 3 of them are a waste of air if you ask me

[jgrinz]

how many paul kiraly's are there it seems like all 3 of them are a waste of air if you ask me

 

They are all the same

 

[L1ncolnF4n]

I'm very sure there are other corporations we can get loans from at reasonable interest rates.

[Paul Kiraly 3]

Ok,now you are trying to pick on the boyscouts, Now boyscout leaders can't be lawers,doctors,mayers.politicans,contractors.electricians.plumbers,mechanics ect,because they rip people off...Not only does it cost to keep a website,advertiseing it,domain name,maintain it,phone bill,light bills,water bill,employees pay,income tax,and even the bankloans i borrow against with their intrest .It is clear everyone in here owns a buisness with no bills.I know,why dont you use your good credit,and go to the bank,and tell them you need a starting signature loan for 7000.00 and that much money is nothing to spend with 3-5 customers.The way this economy is banks don't want to loan out money. Also the more you borrow,the higher your intrest climbs. How many collector society and pcgs members are there.Even 50,000 loan is nothing to borrow against.Most people cant even buy a home with good credit and a nice down payment from a bank. I am doing a service.If you dont want to get a loan,thats fine. .Everyone who wrote a journal about me,know nothing about me. All you do is critisize about things,you know nothing about.Before you badmouth someone you really look at the total picture..

[ant]

the total picture was put out by you paul. we have it.

 

"The way this economy is banks don't want to loan out money."

 

so you are taking advantage of this fact by charging the intrest rates you are. the same thing the check loan people do. they loan to people who banks wont normaly loan to, and knowing this they take advantage of the people. the same as you are.

 

 

[gmarguli]

Not only does it cost to keep a website,advertiseing it,domain name,maintain it,phone bill,light bills,water bill,employees pay,income tax,and even the bankloans i borrow against with their intrest .It is clear everyone in here owns a buisness with no bills.

 

OK Paul, please tell us how much you spend on all the above mentioned items.

 

I notice you list a PO Box as your address, but since you incur light, water, phone, and employee bills, you must have a physical business address. Is this correct or are you just mentioning expenses you may have in the future if your business is successful? I suspect there are none of these expenses and you work out of your home.

 

As for the domain, I own several and the the cost is minimal. However, you should consider spending some money to make your site more professional. You didn't even edit out the text which tells you what to list there. For example, this is on one of your pages: "Enter a detailed description of your product or service. You can add as much text as you like, and even add images to illustrate your offering. Tell your visitors why they should buy from you! Add a new section for each product or service."

 

 

 

I know,why dont you use your good credit,and go to the bank,and tell them you need a starting signature loan for 7000.00 and that much money is nothing to spend with 3-5 customers.The way this economy is banks don't want to loan out money. Also the more you borrow,the higher your intrest climbs. How many collector society and pcgs members are there.Even 50,000 loan is nothing to borrow against.

 

They would ask for a business plan. If this business plan included charging 10% monthly interest - which appears to violate state law where the business is based - they would decline to offer the loan.

[Paul Kiraly 3]

The P.O.Box is for security reasons. I dont want theives know where the customers coins are stored. You are not very bright gmarguli . As soon as the state tells "check in cash " and "payday loans" stops charging 25% monthy then my 10% doesnt look that bad...I am not taking advantage of people,you are not required to do buisness with me.I am just a loan service,for certified coins.

[MarkFeld]

The P.O.Box is for security reasons. I dont want theives know where the customers coins are stored. You are not very bright gmarguli . As soon as the state tells "check in cash " and "payday loans" stops charging 25% monthy then my 10% doesnt look that bad...I am not taking advantage of people,you are not required to do buisness with me.I am just a loan service,for certified coins.

I notice that you didn't answer Greg's questions, and that comes as no surprise. And by the way, he's very bright.

 

You continue to try to ignore the fact that well established companies lend money against coins at a fraction of what you propose to charge. So I will keep pointing that out to you and others.

[gmarguli]

The P.O.Box is for security reasons. I dont want theives know where the customers coins are stored. You are not very bright gmarguli . As soon as the state tells "check in cash " and "payday loans" stops charging 25% monthy then my 10% doesnt look that bad...I am not taking advantage of people,you are not required to do buisness with me.I am just a loan service,for certified coins.

 

Every single poster has told you how you are flat out wrong and you still can't grasp it and you call me not bright.

 

Those payday loan companies get around it by having very short term loans which get renewed over and over again and by charing fees on top of them. I bet the actual interest rate they charge is a lot less than what you charge, but the total cost to the borrower is higher. Comprehend this or need it explained in more dumbed-down terms?

 

You're free to run your business the way you want. I suspect that not a single person will be doing business with you at these current terms. Based on your unprofessional attitude and amateurish website, most potential customers would be scared off without even seeing the terms and with good reason.

 

One thing you need to be aware of is that is you off the wrong person on this forum, they'll make trouble for you. For example, they may contact the Louisiana Office of Financial Institutions to report that you're making loans, but not registered with them.

[jgrinz]

I had no trouble getting a "signature" loan for 50k for a point over prime so what you are saying is nothing special.

 

 

[thehumantorch]

I had no trouble getting a "signature" loan for 50k for a point over prime so what you are saying is nothing special.

 

 

A point over prime? Why would you do that when you send off 200% collateral and pay 10% interest per month?

[Paul Kiraly 3]

The collateral is just a safety net for me.Go to the payday loan and get a loan for 200.00, then let me know what the results were.

[James_OldeTowne]

I know,why dont you use your good credit,and go to the bank,and tell them you need a starting signature loan for 7000.00 and that much money is nothing to spend with 3-5 customers.The way this economy is banks don't want to loan out money. Also the more you borrow,the higher your intrest climbs. How many collector society and pcgs members are there.Even 50,000 loan is nothing to borrow against.

 

Without commenting much on the OP's situation, I'll just mention that I got an $18,000 signature loan from my credit union with no collateral, and it was 1.25% above prime. So 10% per month simple (which I think equates to about 8% compounded monthly) sounds exceedingly high to me. I would think 2.5% per month puts you in the ballpark (though you'd barely be standing inside the first base line of that ballpark).