Quote Originally Posted by FUNd View Post
LOL. Yes, mob like for sure, but let's keep in mind the people who get the 1.45's and have to go to a Pearl or YSC, typically have a history of borrowing money and not paying it back. Ever seen a Cashcall (now known as Loan Me) amortization schedule? Now that is beyond loan sharking. A 10K loan amount is amortized over 84 months for a payback somewhere in the 70-80K range. Yes, you read that right. Ever have a customer complain about rates? Just send them to Cashcall, they'll call you back in one hour flat to sign your deal. I promise.
If you slapped the APR equivalent of a 1.45 factor on an 84 month amortization, you'd have a payback in that range too.