Dating an Asian Massage Girl

[Neicy]

Not everyone pays $1000. If you get your full distribution early, you pay more than $1000 each month, since you're effectively borrowing from those who get their draw later. If you get your draw toward the end, you pay less than $1000, since you're effectively lending money to those who drew early. It is not a pyramid scheme. It is, as I said, effectively like a crude credit union. It is a thousands of years old way of generating debt financing in the East; a grass-roots way to create credit. Just because these girls are involved, that doesn't mean it's stupid or nefarious...

 

[Ginger]

Yup, I have heard of this, too. It's not only done as a loan, but also as a garden variety pyramid.

It doesn't make sense to me that people who normally have great business acumen dabble in this stuff, but they do. I think the appeal is perhaps akin to gambling. I haven't yet heard the sob stories of girls who lost all their money, but they must be out there. Maybe they don't like to talk about it.

 

[chicamalika]

Strange how an interestingly trivial but yet entertaining thread had turned towards the direction of money lending. These "credit unions" exist in the Chinese community as well, all true.

 

[Lab Lover]

Its a pyramid scheme but in this case a 69 pyramid
;-)

Girls need to be able to provide more service for same price to increase revenue sincevthere is w,ay more supply and less money in guys" wallets.

 

[foryourconsideration]

isn't what you're talking about

20 people contribute $1000

First month, first person gets $20,000
Second month, second person gets $20,000
Third month, third person ets $20,000

etc. etc. ?

I'm not exactly sure how it works, as why would the 20th person get involved in this, but I heard of this before

 

[DC Chillin]

Thanks for enlightening me in my state of ignorance (not). I wish I knew as much as you did . Seriously, some of the 'kye', which can include other business owners, will let you draw $100,000 plus in exchange for $5,000 plus monthly contributions over say a 24 month period. Those who are 'investing' draw last and get interest-those who draw first pay interest. It is not a fantasy. There's a lot of lurid shit out there, but ascribing the worst tendencies to all the girls generally is a bad habit that's getting worse all the time on this board. B

 

[xmdkbuqy]

Borrowing from loansharks is the only way to go if the girl or girls want to start their own shop because it cost $80-100,000 to start a new place. You can not be just anyone to be able to borrow, you have to show that you have the ability to pay back, i.e. providing as well as just being an owner and also you have to have someone co-sign for you in case you disappear.
As for your credit union fantasy, there is no such thing. What they have are girls with money (usually owner who has been in business for a while) start a lending business on the side and charge lower interest rate but usually in smaller amount.

 

[Druggy E]

More Kye than Chaebol. Either way, better than being an equity partner.

 

[SmettereFumare57]

A kgirl that took out one of these loans told me jokingly that if you don't pay, they'll ship the girl off to Alaska to work the whorehouses that serve the fishermen. In all seriousness, violence is not very common. But there's lots of harrassment, including of the girl's friends if she disappears. Borrowing from loansharks is not as common as one might think. It is more common for the girls to form a membership cooperative that provides access to credit in exchange for monthly contributions to the credit pool (kind of a do it yourself credit union).

 

[HOLLY BEANZ]

We will find out. Biz has slowed down overall but margins are still there.....maybe the loan is stretched out to two weeks.

 

[Leigh]

You end up having to change your name and hide behind an alias for the rest of your career.

Can I get a rimshot please?

 

[hkeuouyqiliiocenz]

And what happens if you do not pay?

 

[somathus]

Further thought:


These women are like Wi-Fi.
They see all the available devices, but connect only to the strongest.

 

[Dr. Infidel]

The bio pages of the $$$-$$$$ gfe houses 'I spoke Japanese, English, Korean, am adventurous student, like gentlemen and tall buildings' got me thinking, what if they came thru ICE (immigration ) interviews in character. Nobody would take them seriously.

On the other hand, I could imagine Ivy (of Asian Models, BunnyGirls, used to be Tasha ...) when asked what the purpose of her trip to NYC is, answering with a straight face, 'I'm a sex tourist'.

 

[Capt. Spaulding]

Yep, this guy has borrowed from them Koreans one too many times... I didn't even know about the 10% every 10 days, that's 30% a month! Everything is pretty on point and believe me, a lot of people borrow from them.

 

[Larry]

The interest rate from those korean loan shark is 10% every 10 days, unless you are a good customer, then it is 10% every two weeks.
In other words, if you borrow 10K, you hand over $1000 for every 10 days cycle. In fact, if you borrow $10K, you will be given only $9000 because they deduct $1000 for interest first. What a scam!!

 

[hourlyloansnow]

LOL. Well, since I turned her down flat, it wasn't discussed. Though I'm sure she didn't expect to pay any. I wouldn't have charged her under the conditions she specified (one month), though I'm sure it would have lengthened out to 2 or 3.

I find Koreans, esp. trustable in business dealings. She wasn't a gf looking for some sugar, but asking a friend to help her out. No doubt, she was trying to avoid the interest.

If my net worth was such that I could hand over 10k without worry, I'd have just done it. Alas, that is not the case.

Even though I trust her, anything could still have happened. A bust. Arrest. Deportation, etc. I know that's overblown, but hey, when it's my 10k I'm entitled to worry.

 

[jvdcxqmq]

The interest rates on credit cards are for the entire year(APR) so even 30% is nothing compared to those private loans the K-girls get. The interest rates from those Korean guys are 20% per month which is a little less than what a credit card company charges for the year.

 

[t.lovaas]

What was the interest rate? I've heard that the K mob charged big interest rates. Possibly she was looking for a non interest loan. Our own government learned from the mob allowing 30% interest credit cards to be legal, while they put loan sharks behind bars.

 

[WOWbrandywineWOW]

She might have been preparing dinner =D =D