Quote Originally Posted by OC Funder View Post
I believe this loan would actually be 117% APR... pretty brutal. Still, the upside would have to be astronomical for me to give 100k to someone stacking 4 daily payments together. Maybe there were perfectly logical reasons to take so many advances simultaneously, but in all likelihood this person is addicted to debt and a ticking time bomb.
The good news for this guy is that we reduced his effective APR by an insane amount.

He had a 3-month 1.45 in there, which is approximately 335% APR... someone had to throw him a life saver.