[Karen37a]

Well, this business went 18 years or so without regulation. Once any industry reaches a certain scale, the government gets involved. Co's going IPO and partnering with banks didn't help keep things under the radar either....Im curious if the first position funder's will redo their schedule A's in certain states that require full disclosure now to keep APRs lower.

The real problem is the 1st positions who give 1.25 (as an example) on the first mca ...lets just say 100k to pay back 125k

50k Renewal ...plus 50k = 100k = 125k

Thats means you paid 25k to get 50k which = 1.50 50%... not 20%

Which is what Carl was saying needs to be disclosed in the other posts to me