[J.Celifarco]

This isnt true.
One deal I remember off the top of my head, kept taking short term 1.49's over and over and over. Always paid back. And it worked for her.
Was a car dealer, that got a significant discount for paying cash for cars.
It worked for her. The high cost was justified, and she made it work.

There are scenarios where a 30 day 1.50 will work. And where the short term high cost is justified, with the associated risk.

In alot of scenarios renewing a 1st or 2nd, makes less sense than stacking, paying a factor on remaining balances already factored. Renewals shoot that remaining balance up higher than a 1.50 (1.36 x 2 = 1.72 on 50% of the Advance? - add that with the original 1.36 on 50% of the advance - and where do you end up? lets say someone renews 3 times, it gets even worse. You can argue that stacking makes more sense in some cases.

Yes there is always a one off where anything can make sense, but for the large majority of businesses these loans in no way help and just make a bad situation worse. To speak in absolutes was wrong there is always the off cases but for the vast majority of businesses, these deals make bad situations worse.