ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner arrested for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
CAPE CORAL Cape Coral drug bust leads investigators to fake fentanyl, cash and guns Cape Coral man arrest on drug charges. Investigators said they found, guns, drugs, and more than $32,000 in Richard Riley’s home.
NAPLES Naples youth flag football team to compete in Ohio tournament This weekend, the Naples Lunatics Green will compete in the Superhero Sports tournament in Canton, Ohio.
ALVA Woodpeckers build home in Alva woman’s house You may have heard of squatters, but this woman is dealing with squawkers. Who needs a rooster to wake up when you have woodpeckers?
FORT MYERS Man claims he was trapped in a high-rise for 5 days A 77-year-old man wants justice after he claims he spent days trapped on the 24th floor of a high-rise apartment building.
PUNTA GORDA Charlotte Correctional prisoner arrested for death of another inmate State Attorney Amira Fox convened a grand jury, which decided to move forward with a case against a Charlotte Correctional inmate.
SANIBEL Construction near Dairy Queen eagle nest on Sanibel raises concerns While many eagle nests may be a bit difficult to see, one nest has always been a favorite for Sanibel residents and tourists.
The environmental effects of artificial sweeteners Experts are studying how the foods we eat affect the environment, especially after we flush our waste down the toilet.
Victim reacts to man exposing himself to her Ring camera You get a notification on your phone from your ring camera app that someone is at the door, only to find out it is someone exposing themselves. It’s the last thing victim Maria Kivi wanted or expected to see last week.
LEE COUNTY The art of capturing your eye and drawing you in How do you capture young, hip, trendy, fun, movers and shakers, all in a pose? We take you behind the scenes of a Gulfshore Life cover shoot.
FORT MYERS The lives of two SJC Boxers changed in the ring Two SJC Boxers, Mario Nunez and Arbon Kurtishi, help each other in the ring as each of them had their lives changed because of boxing.
FORT MYERS Chlamydia cases rising sharply in Lee County If you think about a crowded space- something with more than 250 people- if it’s in Lee county, statistically one person has chlamydia.
SANIBEL Sanibel resort day passes hope to get more business on the island A pass will allow vacationers to hang out at a Sanibel beach club for a day in hopes of drumming up some business.
Voting equipment tested ahead of Lee County elections Voting equipment is being tested in Lee County. This is to ensure all ballots are printed and counted correctly for the upcoming election.
Collier County teen assaulted after leaving party The teen has been charged and the sheriff’s office said they’re aware that many believe felony charges are in order, but under Florida law, there are very specific criteria that must be met for felony charges to be filed.
WINK weather team watching tropical wave over Atlantic Ocean The Weather Authority is watching a tropical disturbance over the Central Atlantic Ocean.
CAPE CORAL Cape Coral drug bust leads investigators to fake fentanyl, cash and guns Cape Coral man arrest on drug charges. Investigators said they found, guns, drugs, and more than $32,000 in Richard Riley’s home.
NAPLES Naples youth flag football team to compete in Ohio tournament This weekend, the Naples Lunatics Green will compete in the Superhero Sports tournament in Canton, Ohio.
Stubhub offers loans to buy Super Bowl tickets – with 30% interest rates. (Credit: CBS News) Gambling on the point spread won’t be the only way to blow money and ruin your finances on Super Bowl night this year. You can now take out a loan — with predatory lender-like interest rates of as much as 30% — to see the big game in person. Stubhub this week began offering users the option to pay for various event tickets in monthly installments, rather than at purchase, over as long as a year. The monthly payment option, essentially a short-term loan, carries interest rates of between 10% and 30% depending on a buyer’s credit score and other determinants of creditworthiness. The feature can be used to finance purchases between $99 and $17,500. The installment option is available for any event, but Stubhub is tying the service launch to Super Bowl LIV. On Wednesday, the company was selling tickets for the February 2 game in Miami Gardens, Florida, between the Kansas City Chiefs and San Francisco 49ers that ranged in price from $4,449 to $16,500, including one pair of end zone lower-level tickets that could be bought for a total of $15,760. With a 12-month installment loan at 30% (and based on a standard loan calculator), those same tickets could be bought for $1,536 a month. But the buyer would end up paying an additional $2,676 for the tickets because of the interest charges. Point-of-sale loans Stubhub is partnering with lender Affirm to offer the loans. Affirm is one of a number of growing fintech companies that are offering so-called point-of-sale loans. The company also offers loans to make other pricey purchases, including Peloton’s $2,000 streaming-video workout bikes. Affirm’s loans have fixed monthly payments and no late fees, which the firm claims makes them more user friendly than credit cards. In fact, in a joint press release announcing the launch of the Super Bowl borrowing option, Affirm and Stubhub say that credit card debt is at an all-time high and that “many consumers are looking to kick off the new year with better financial habits.” But Ted Rossman of CreditCards.com told CBS MoneyWatch that buying high-priced tickets with Affirm’s installment-type loans would be an extremely bad money move. “It is a huge risk to make any type of discretionary purchase with something that carries a rate of 10% to 30%,” Rossman said. “It’s risky to buy it now and think you are going to pay it later.” Installment loan risks Credit cards carry an average interest rate of about 17% for all account holders, and about 24% for those with poor credit, according to CreditCards.com. That means one could actually end up paying more with an Affirm and Stubhub installment loan. What’s more, credit cards can been paid off at any time to avoid additional interest. By contrast, installment loans have set monthly payments and no bonus for being paid off early. On top of that, installment loans tend not to offer reward points or provide the same degree pf protection against fraudulent sales that credit cards do. Installment lenders also typically report their loans to credit bureaus only when borrowers default. That means borrowers get no boost in their credit score from paying off their loan on time, though they do get dinged when they don’t. Affirm said it sends “friendly texts” to remind customers that a payment is due. It reports the loan as delinquent to credit bureaus when a borrower is more than 90 days late on their payments. Affirm told CBS MoneyWatch through a spokesperson: “Generally, we’ve seen that the trust and flexibility we provide our customers keeps repayment behavior high.” The Center for Responsible Lending expresses concern about the recent growth in installment loans because they generally carry higher interest rates than other methods of borrowing, including credit cards. “Stubhub is already marking up the tickets,” said Gracelia Aponte-Diaz, director of federal campaigns for CRL. “The high interest rates come on top of that.” In the end, installment loans for Super Bowl tickets is probably the one situation where going for the extra point is really not the best financial play.