They can present the payment schedule table clearly so even if you didn't know what APR was, you would see "I pay this amount of interest on this day" with a to

They can present the payment schedule table clearly so even if you didn't know what APR was, you would see "I pay this amount of interest on this day" with a total at the end of the term the entire amount of interest. This is what lenders in the US do. That's called transparency. Everything else is playing games to confused people into thinking their loan is cheaper. I can go to any mortgage calculator online and plug in some simple numbers and get a breakdown of my payments every month, interest on the payments, and total interest paid and I now know how much I am and will pay. This isn't hard, when it isn't done it is to hide information from the consumer. That's like saying nobody should save because nobody understand compound interest. It is true that hardly anyone understand compound interest (and how amazing it is).