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FN57 on scored.co
1 year ago0 points(+0/-0)
The reason the first 15 years is mostly interest is because people are talking out 400k loan with a 7% rate. That's 2300/mo just to pay off interest.
I just don't see anything wrong with this model. People might not have basic math skills to understand it but it's a real simple concept.
The problem is the hidden and additional fees and surcharges, the 40 pages of legalese, and of course the overspending printing and straight up laundering of money at the politics level
I just don't see anything wrong with this model. People might not have basic math skills to understand it but it's a real simple concept.
The problem is the hidden and additional fees and surcharges, the 40 pages of legalese, and of course the overspending printing and straight up laundering of money at the politics level