they know. then they bury the terms in fine print nobody reads and rip-off 20% on unpaid balance while pushing the minimum payment which looks tempting to people not knowing it’s mostly interest (see terms) and almost nothing towards principle. balance goes up. title loans are insane rates. compounding is beyond average math skills so they lose their cars and max out cards fast.
they know. then they bury the terms in fine print nobody reads and rip-off 20% on unpaid balance while pushing the minimum payment which looks tempting to people not knowing it’s mostly interest (see terms) and almost nothing towards principle. balance goes up. title loans are insane rates. compounding is beyond average math skills so they lose their cars and max out cards fast.
Which kills me, because it’s not like compounding interest is a complex math subject