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08-07-2015, 05:58 PM #12
- Join Date
- Jun 2015
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- 3,319
Not really their rates can go as high as 149 percent ( I believe the lowest is 24 and a 5 percent origination fee )
Monthly is a big plus
But compare to a 1.3 factor for 12 months it is more expensive.
Now I do get that a 1.3 is not 30% apr as merchant is making daily payments but it is a lot less then 149%
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