topic CFL's Target People with Good Credit in General Credit Topics

CFL's Target People with Good Credit

marty56 — Thu, 05 Aug 2021 12:26:13 GMT

Back in my credit dark days, I would frequently get CFL offers and once in awhile took advantage of them. I just got an offer from a CFL company saying that my credit was too good to have multiple balances (I don't) and offered me a loan telling me that offer was too good to be true. They even lied and said that payment is based on a 13% interest rate. Marty math says 72 * 301 on 15k loan is a wee bit higher then 13% but whats a few % interest between those who have my best interests at heart. So it seems CFL companies want preditory loans on people of all types of credit.

Re: CFL's Target People with Good Credit

KatSoDak — Thu, 05 Aug 2021 12:51:40 GMT

$301.11 a month for 72 months is what the Bankrate calculator says on a 15K loan @ 13% interest.

Re: CFL's Target People with Good Credit

DaveInAZ — Thu, 05 Aug 2021 13:16:55 GMT

What's a 'CFL'? Never heard of them, and google says it's the Canadian Football League.

Re: CFL's Target People with Good Credit

pizzadude — Thu, 05 Aug 2021 13:24:36 GMT

@DaveInAZ wrote:
What's a 'CFL'? Never heard of them, and google says it's the Canadian Football League.

That was my first thought too

I think they're consumer finance lenders