3 ms·
Isn't that just paying the interest in the beginning in full, instead of over time or at the end of the loan?
by ralfd 9y ago
Isn't that just paying the interest in the beginning in full, instead of over time or at the end of the loan?
- coldtea 9y agoObviously no, because it doesn't increase. Like with credit cards, most of the money on loans is not paid on the default interest and with the perfect payment schedule, but on late payments.