CFL's Target People with Good Credit

[marty56]

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. 

[KatSoDak]

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

[DaveInAZ]

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

[pizzadude]

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@DaveInAZ wrote:

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

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That was my first thought too

I think they're consumer finance lenders