4 ms·
An interest rate of 190% ? Wow. For those with no credit, I guess 190% APR represents the risk that the lender is taking. I'm sure that 190% rate sucks way less
by ytNumbers 8y ago
An interest rate of 190% ? Wow. For those with no credit, I guess 190% APR represents the risk that the lender is taking. I'm sure that 190% rate sucks way less than your typical payday loan rate, but this is why many states have outlawed payday loans.
- Tostino 8y agoYeah, I was amazed by this too. Even more amazed to see their competition's rates.
- brador 8y agoWhy would you lend money to someone who accepts a term of 190%? Wouldn’t their acceptance imply a lack of financial aptitude or extreme desperation?
- pouta 8y agoOr confidence in their investment