2 ms·
You could compare them by total payback/amount lent, or cents on the dollar to pay back. Much simpler! Or change APR to divide by week instead of year in the ca
by cm2012 12y ago
You could compare them by total payback/amount lent, or cents on the dollar to pay back. Much simpler! Or change APR to divide by week instead of year in the calculation.
- jiggy2011 12y agoPayday loans don't compound interest in the same way a real loan does, unless you miss a payment.