Comments on: What a Loan with a 171.54% APR Looks Like http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Fri, 20 Nov 2009 19:56:44 -0800 http://wordpress.org/?v=abc hourly 1 By: johnnyg http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-258837 johnnyg Tue, 25 Mar 2008 03:38:32 +0000 http://allfinancialmatters.com/?p=2373#comment-258837 How can they get away with this? Do they not have to adhere to predatory lending laws? How can they get away with this? Do they not have to adhere to predatory lending laws?

]]> By: Chad http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-257105 Chad Fri, 21 Mar 2008 11:56:30 +0000 http://allfinancialmatters.com/?p=2373#comment-257105 skywalker, Cash Advance, Payday Loan and Check Cashing outfits get by with it everyday... In fact some guy at work just got one of those Payday loan things and was beaming about how much they "helped" him out and how good they were.. I couldnt help but cringe as he told us about it. skywalker, Cash Advance, Payday Loan and Check Cashing outfits get by with it everyday… In fact some guy at work just got one of those Payday loan things and was beaming about how much they “helped” him out and how good they were.. I couldnt help but cringe as he told us about it.

]]> By: Allen http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-255551 Allen Tue, 18 Mar 2008 14:30:42 +0000 http://allfinancialmatters.com/?p=2373#comment-255551 What is the effect on the percentage if one makes 1 extra payment per year (principal only)? What is the effect on the percentage if one makes 1 extra payment per year (principal only)?

]]> By: Ron@TheWisdomJournal http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-255258 Ron@TheWisdomJournal Tue, 18 Mar 2008 03:02:39 +0000 http://allfinancialmatters.com/?p=2373#comment-255258 From the title, I was expecting a picture of a payday loan "establishment." Oh wait, they charge up to 10 times that... From the title, I was expecting a picture of a payday loan “establishment.” Oh wait, they charge up to 10 times that…

]]> By: JLP http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-254836 JLP Mon, 17 Mar 2008 13:00:35 +0000 http://allfinancialmatters.com/?p=2373#comment-254836 Jonathan, That doesn't surprise me since a mortgage is such a long-term loan. Jonathan,

That doesn’t surprise me since a mortgage is such a long-term loan.

]]> By: Jonathan http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-254805 Jonathan Mon, 17 Mar 2008 11:34:58 +0000 http://allfinancialmatters.com/?p=2373#comment-254805 Not to make a direct comparison, but I just calculated that 82% of my first mortgage payment went to interest. :( Not to make a direct comparison, but I just calculated that 82% of my first mortgage payment went to interest. :(

]]> By: Skywalker http://allfinancialmatters.com/2008/03/16/what-a-loan-with-a-17154-apr-looks-like/comment-page-1/#comment-254648 Skywalker Mon, 17 Mar 2008 04:47:14 +0000 http://allfinancialmatters.com/?p=2373#comment-254648 My GOD! How can companies get away with charging that! My GOD! How can companies get away with charging that!

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