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I'm sure the SoFi salesperson was also chuckling when you signed off on a magic loan that supposedly made half your principle disappear. Anyone with a calculat
by JSONwebtoken 9y ago
I'm sure the SoFi salesperson was also chuckling when you signed off on a magic loan that supposedly made half your principle disappear.
Anyone with a calculator can tell the numbers don't add up. You're either embellishing or you got scammed.
- saalweachter 9y agoEh, there's always the possibility they were pulling an Uber - using VC cash to subsidize unprofitable margins to try to corner a market.
- sidlls 9y agoWho said half the principle disappeared?
- oscilloscope 9y agoNeither the interest rate nor the term of the loan affect the principle. These only change the monthly payment amount. It's possible to have a lower monthly payment with a shorter term, depending on the interest rate.
- rockinghigh 9y agoI think you mean principal.