Installment loans from nonbank providers routinely have “precomputed,” instead of “simple,” interest

Installment loans from nonbank providers routinely have “precomputed,” instead of “simple,” interest Precomputed interest ensures that the re payment routine, such as the number of interest due, is determined at that time the loan is granted, therefore regardless of if a debtor makes very very early re re re payments, the total interest charged will …

Installment loans from nonbank providers routinely have “precomputed,” instead of “simple,” interest Read More »