Quote:
Originally Posted by Kerr
I didn't realise that HP was anything but a simple straight up monthly payment where all payments add up to the full loan amount.
I was referring to that and not an agreement with balloon payments.
I was aware that half the total amount with interest had to be paid back and obviously that couldn't be at half way if there was a balloon payment at the end.
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Well, the people doing the lending have to make money somewhere
