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.
Of course it's a ticking time bomb. WBL is at least smart enough to figure it out and back their investments with real estate. MCA is the biggest bubble since subprime mortgage and the meniscus is so thin, a soft breeze is going to bust it, watch.