UnbeWeaveable

Discussion in 'The Bar' started by JFK, Jun 5, 2015.

  1. JFK

    JFK Ask not what your country can do for you. Gold

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    ‘Weave Loan Store’ To Offer Loans To Buy Hair Extensions In Detroit
    June 4, 2015 5:10 PM
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    The Weave Loan Store. (Credit/Stephanie Davis)

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    Detroit business, Weave Loan, Weave Store


    The “Weave Loan Store” on W. 8 Mile Road in Detroit will be open for business June 13.

    Detroit native salon co-owner Fred — who prefers not to use his last name — and his wife came up with the idea to offer a line of credit to buy weaves after he says many of his clients wanted hair extensions but couldn’t afford them.

    “So, it was born out of a need to give our customers options as it relates to their hair extension purchase,” Fred told WWJ Newsradio 950’s Stephanie Davis.

    How will it work?

    “Much like a credit card, where you have a line of credit,” Fred explained. “With your line of credit you’d actually be able to purchase the hair extensions in store. Or, with some of our customers with qualifying credit, they’d actually receive monies to be able shop for their desired hair extensions wherever they like.”

    The going price for a weave these days, he said, ranges from $95 to $300 or more — depending on the type of hair.

    Fred said his 7 to 8 percent interest rate is reasonable and they will follow the regular collection process if someone defaults on the loan.

    To those who might criticize the idea of offering loans for hair weaves, Fred says: “Just like anyone goes in with their credit card to purchase, let’s say, food at their favorite restaurant, or, you know, an item of merchandise at any one of their desired retailers … it’s nothing different.”
     
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  2. LonghornJ

    LonghornJ VIP Extreme Gold

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    The sub-prime weave market is contained :grad:
     
  3. geo

    geo Well-Known Member

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    nigga please
     
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  4. DarkFriday

    DarkFriday Fired as a MOD...Twice. Gold

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  5. freds

    freds you broke it VIP

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    :c

    i played little league ball at O'Hair park.
     
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  6. Blackened

    Blackened Commitment to Excellence

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    Fred Goldstein gonna be out some shekles
     
  7. Gomez

    Gomez Well-Known Member

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    they got Rent-A-Tire where I live :dontknow: