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Zer Netmouse
February 3rd, 2009
07:12 pm

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Do You Believe in Usury?

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From:netmouse
Date:February 4th, 2009 02:58 am (UTC)

Re: All interest is usury

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However, if you have $10,000 in medical debt at 8% interest you have agreed to pay off in 10 years BUT you pay it off in 4 1/2 years, you will have paid substantially less interest than for the 18% loan, especially if you paid it off in chunks big enough to re-ammortize the load along the way.
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