Browse topics like loop Skip to Videos All | predatory debt | APR | credit concepts | credit scores | determining loan costs | how loans work | tribal loans | flex loans | @betterfi | @spikeatbetterfi | Think you know how much interest I'd pay? #credit #finance How much interest do you pay on a 10% loan over one year? Most people get this wrong. What a is a "debt loop?" #endpredatorylending #thecreditrepairshop How does the super-expensive-loan “debt loop” or “debt trap” work? Do predatory lenders have to charge so much?? #debt Predatory lenders say they HAVE to charge triple digit APRs – is it true? 12 Years Ago Tennessee Created "Flex Credit" #credit #debt 12 years ago Tennessee created “flex credit” and could barely articulate the costs on the state house floor. Just how expensive is a "tribal loan?" #credit #debt Just how expensive is a “tribal loan?” Check out some of these examples that are >700% APR. Tennessee is Home to Something WORSE than a Payday Loan #debt Tennessee is home to something worse than a payday loan: it’s called a “flex loan.” Not all #DEBT is created equal: three loan types that trap families already in a bind These three types of loans trap people: payday, title, and flex loans. The BUY HERE PAY HERE Car Lot Loan Trap! #debt What makes the “Buy Here, Pay Here” car lot loan especially risky? Why does it seem like some loans don't pay down? APR! #debt What is the best way to figure out why a loan isn’t paying down? APR! There are only 3 things that affect the cost of a #loan #finance101 What are the three factors that affect loan cost?
