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What kind of interest is this??

MarineVietVet
Moderator Emeritus

Re: What kind of interest is this??

 


@IOBA wrote:

Yep - only $69 of pure profit, I mean interest, per month, for 12 months.  No principle payment, no fees.  Just interest.  And absolutely nothing to show for it!

 

* hope you feel better!

* we are never wrong - we just have learning experiences!

 

 


 

Now I understand. When I read Interest ONLY payment (the word payment being singular) - $69.00 I took that as meaning one payment only.

 

That's what I get for over thinking.  Smiley Happy But it was still a bad deal for your son.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


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