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08-07-2015, 07:55 PM #1
You are correct with your example... and there are some examples where LoanMe is the best product available.
Quick breakdown:
1.3 for 12 months is around 54% APR. LoanMe could beat that, but it would have to be a solid approval for them (obviously the client isn't a bad borrower if he qualifies for 1.3 for 12).
...But let's say you have an approval at 1.4 for 6 months (150% APR), and LoanMe approves the same deal. In this case, LoanMe would be a better solution for the client.
Try them out sometime! They fund fast (no joke, just a few hours) and fund deals that are difficult to place elsewhere.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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