Eli5 ‘How do personal loan companies make money if you pay everything you loaned back,before the first installment date (and no early repayment fee either)?’

350 views

Eli5 ‘How do personal loan companies make money if you pay everything you loaned back,before the first installment date (and no early repayment fee either)?’

In: 6

7 Answers

Anonymous 0 Comments

Simply put. Their business model and target demographic are people being in a situation to not do that. It’s legal loansharking

You are viewing 1 out of 7 answers, click here to view all answers.