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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage Advice96% APR. Really?
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Dmitriy Fomichenko
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Private Lending & Conventional Mortgage Advice

96% APR. Really?

Dmitriy Fomichenko
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Posted Sep 30 2014, 18:35

I received a loan offer today from Brookwood Loans... They offer small loans up to $3,500. They are charging rate of $96%!!! I had no idea that it was legal to charge such high rate. In three years you are paying back three times as much as you borrowed!

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