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thisismynuttoo

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thisismynuttoo

Re: Ed the Trader post# 41688

Friday, 01/20/2017 2:28:02 PM

Friday, January 20, 2017 2:28:02 PM

Post# of 58411
My point is that a loan is only TOXIC if it converts. Like the 0% interest that credit cards offer. Let's say you take a $10,000. They charge $400 (4% of loan amount) and give anywhere from 12-18 months to pay it off. Sounds great if you pay it off. If you don't than back interest kicks in and your screwed.
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