ext_13495: (Default)
Anne ([identity profile] netmouse.livejournal.com) wrote in [personal profile] netmouse 2009-02-04 02:58 am (UTC)

Re: All interest is usury

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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