Quote Originally Posted by Zach View Post
In terms of the actual APR, LoanMe is one of the least expensive products in our space. It just looks brutal because most people don't disclose APR to their merchants.
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%