[Karen37a]

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

its not an Apr for the 1000000 th time

if it resembles a loan then it is a loan and you are committing criminal usury and they will default on you

[WestCoastFunding]

its not an Apr for the 1000000 th time

if it resembles a loan then it is a loan and you are committing criminal usury and they will default on you

Karen, why do you keep referencing “APR” when the legislation literally doesn’t make mention of an APR?

It’s just weird you’re arguing against something the legislation doesn’t even call for.

[Karen37a]

Karen, why do you keep referencing “APR” when the legislation literally doesn’t make mention of an APR?

It’s just weird you’re arguing against something the legislation doesn’t even call for.

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 flat

[WestCoastFunding]

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

Nonsense.

I repeat again, the legislation does not call for using an APR. it’s literally only you that claims that as your argument metastasizes.

[Karen37a]

Nonsense.

I repeat again, the legislation does not call for using an APR. it’s literally only you that claims that as your argument metastasizes.

not true...they haven't decided on the metric to use yet

veto until it's clear and concise


and that smart box needs to take apr off of it, like I said years ago as you have uber drivers stalking me

[Don Dolla]

is this why loan me hasn't been funding any deal lately? anyone else noticing that... or we just in a slump with them ?

[jdlaw]

is this why loan me hasn't been funding any deal lately? anyone else noticing that... or we just in a slump with them ?

Actually almost 40% of my production this month was with LoanMe. Another 25% with QS.