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07-24-2020, 10:19 AM #15
- Join Date
- Jun 2015
- Posts
- 3,318
yeah very confused here , just take an example of 100k 12 month 1.3 technically it is a 54% apr but with the clause of sales dropping and what is happening now ,so the deal takes you 18 months dropping the apr to 36% and just keep taking the out further and further. so are you just going to write apr from 4-54% .If anything this will make it more deceiving to merchant. What am i missing?
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