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09-28-2018, 01:44 PM #1
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- Dec 2017
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factor rate is the most simple and easiest rate to calculate, you think merchants are all of a sudden going to balk because there is an outrageous APR on the paperwork?
loan me has merchants paying 169% real APR every single day
having some time to think about it today tho, i wonder how the estimated APR could **** some merchants who then want a true up on their receivables... you agreed to the APR SOL idk
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09-28-2018, 01:45 PM #2Karen37aGuest
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09-28-2018, 01:53 PM #3
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- Oct 2016
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09-28-2018, 01:54 PM #4Karen37aGuest
They did not create the metric yet...they are leaving it up to the dbo to decide and the stupid smart box says apr on it for cash advances
https://innovativelending.org/smart-...closure-depth/
this looks like a loan contract there for it is one ...I could nullify this cash advance and move to not pay it back in 5 seconds flatLast edited by Karen37a; 09-28-2018 at 02:01 PM.
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09-28-2018, 01:59 PM #5
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09-28-2018, 02:02 PM #6Karen37aGuest
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09-28-2018, 02:07 PM #7
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- Dec 2017
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- 397
is this why loan me hasn't been funding any deal lately? anyone else noticing that... or we just in a slump with them ?
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