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i'm unsure why this would make APR a better tool to understand two-week loans, or how it would make things less paternalistic
by fennecfoxen 5y ago
i'm unsure why this would make APR a better tool to understand two-week loans, or how it would make things less paternalistic
- pnutjam 5y agoThe process is pretty demeaning and profits are higher then you think. The lenders dilute the profits by opening stores all over the place. It's a competitive industry. APR is the accepted measure for loans, why should they break the standard and get special treatment?