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79 loan Can Be Fun For Anyone

Rule of 78 can only be employed on loans lasting fewer than 61 months. If a lender employs this rule, you can expect to shell out much more towards fascination in the first months of repayment. Not numerous lenders make use of the Rule of 78, as it has been banned in some states. Some lenders use a tricky tactic often called the Rule of seventy eig

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