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

  • Posted by 12283534
  • On Januar 6, 2021
Precomputed interest ensures that the re payment routine, like the quantity of interest due, is determined at that time the loan is granted, therefore even though a borrower makes very very early re payments, the interest that is total will not alter. 18 in comparison, when a customer takes down a simple-interest loan, such as […]
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