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Bunny Ranch Brothel Offers Student Debt Payoff Program

Posted By:  |  October 9, 2015  |  0 Comment(s)

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Working to payback student debt is what many college students are doing to keep afloat and Dennis Hof, owner of the Bunny Ranch, one of Nevada’s many legal brothels, is offering students a new way to work off debt.

Hof announced the program is open to all students of accredited two and four year universities, promising to match the amount prostitutes make within a 60-day period.

The Bunny Ranch brothel claimed its fame with the launch of HBO’s documentary “Cathouse” in 2002 where Hof said the idea of this program came to him, estimating about 18 percent of his workers are confined to student debt.

The program has been in progress since summer, having helped some workers pay down their debt. Hof said student loans are brought up “every day in the interview process,” and continues to see a rise in student borrower applications.

One of his workers, going by the name of Caressa Kisses, strapped down by over $40,000 in debt, returned to the Bunny Ranch nine years after she left to study as a surgical tech from a for-profit Las Vegas school.  Realizing the impediment of finding secure employment after attaining her degree, she headed back to the Bunny Ranch in 2012 after watching her loans inflate back up to $32,000 on a variable interest rate, making minimum monthly payments.

After returning to the ranch Hof began doubling her payments, claiming to have completely paid off her debt three months ago.

“He’s the most generous, most thoughtful, he’s just awesome,” Caressa told an ABC network, “It took me about 6 weeks and I just knocked them out. I had nine loans.”

According to Hof, women he employs are under no obligation to remain working at the Bunny Ranch once loans are paid back, although claims many women remain due to home loans and even continue working for retirement purposes.

Prostitutes at the Bunny Ranch can earn up to $20,000 a month after splitting their earnings with him 50/50, bringing the monthly gross of top employee’s to $40,000.

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  • How important is it to you for a debt consolidation company to offer financial education resources?
  • Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
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  • Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
  • Combines all your debts and creditors into one monthly payment.
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  • Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
  • Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
  • Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
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