Quote:
Originally Posted by GoldStandard
Sorry for the delayed response.
The interest rate is 4%/month The term of our loans is 4 months. Our clients only pay for the time they use the money. If the loan is payed back in the first month they are only charged 1 month interest.
These loans are not for everyone. If you find yourself in a temporary cash pinch this can be a nice option. We deal with many collectors that use our services for a wide variety reasons. Please let us know if you have more questions.
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What other types of fees are associated with a loan? At a straight 4% fee there is no way you wouldn't be losing $ on transactions under a few hundred $.