Kabbage loans linking

[james13v]

Originally Posted by dan_ebay

I'd of got a bank loan for that personally.

I definitely can, I can apply online and have it done in 5 minutes, maybe you can't.

You literally don't care how much interest you have to pay on a loan? If there were more people as naive as you about I'd start my own loan company.

Except it's not ****ing interest. Jesus, man. Get that through your head already. And you sure as **** aren't getting a business loan from a bank , from scratch, in 5 minutes.

[dan_ebay]

Originally Posted by james13v

Except it's not ****ing interest. Jesus, man. Get that through your head already. And you sure as **** aren't getting a business loan from a bank , from scratch, in 5 minutes.

It's literally the definition of interest:
2.
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
"the monthly rate of interest"
synonyms: dividends, profits, returns


Just because they don't publish an APR that doesn't mean you're not being charged interest.
I'm done discussing loans with someone who didn't think it was possible to calculate APR on a loan term less than 1 year anyway.

[james13v]

Originally Posted by dan_ebay

It's literally the definition of interest:
2.
money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
"the monthly rate of interest"
synonyms: dividends, profits, returns


Just because they don't publish an APR that doesn't mean you're not being charged interest.
I'm done discussing loans with someone who didn't think it was possible to calculate APR on a loan term less than 1 year anyway.

Did I say impossible? I said pointless and immaterial to do so. If I need cash, I look at the cost of that cash, and how much profit I can make using that cash, and how much I'd lose out by not having that cash. Simple business skills.

Go tell all the Muslims you know, that they are in fact paying interest on things that they pay fees on. Last time I checked, fees ARE NOT INTEREST. How is this such a hard concept to understand?

You are not being charged interest, no matter how much you scream it from the roof tops. They are finance charges. Do finance charges get included in your little interest calculations? Ever? By anyone?

You pay a set fee for the purchase of money. Just as you'd pay a fee for the rental of a car. You borrow something from someone, and they charge you a set fee for that borrowing. Is THAT interest too?

And again, as I've tried to explain multiple times now, if you pay the loan off in a month, or in two, or in 6, that CHANGES the total fee you pay. Unlike a credit card or a loan, that gives you a set amount of interest on the entire amount you borrow. So again, your 20%+ number is BULL****
Do finance charges get included in your little interest calculations? Ever?

[james13v]

Originally Posted by tinsoldier

How they flower it up or present it is immaterial. You ARE being charged interest.

Kabbage currently have an APR of 30-50% depending on how quickly you pay them back.

If you pay it off in a month, you're paying $3 for every $100 you borrow. You might claim they are flowering things up, but you're throwing a whopping pile of cow manure on it instead.

Sorry, if $3 for every $100 borrowed, costs you too much, than whatever you need the money for in the first place, is what is the actual bad deal. Not the loan.

Show me another lender that will let you borrow $10,000, give you the cash in MINUTES, without good credit or collateral, for a couple months, for a measly few $100? You should be able to convert that $10,000 into more than enough money to pay off that fee, with a lot of profit to spare. If not, you have poor business sense.

Borrow that amount of money, for a month, and you pay 5% APR. How's that?? So where exactly did you get your 30-50% from? Like Dan, you pulled it out of thin air.

[dan_ebay]

Originally Posted by james13v

Did I say impossible? I said pointless and immaterial to do so. If I need cash, I look at the cost of that cash, and how much profit I can make using that cash, and how much I'd lose out by not having that cash. Simple business skills.

Go tell all the Muslims you know, that they are in fact paying interest on things that they pay fees on. Last time I checked, fees ARE NOT INTEREST. How is this such a hard concept to understand?

You are not being charged interest, no matter how much you scream it from the roof tops. They are finance charges. Do finance charges get included in your little interest calculations? Ever? By anyone?

You pay a set fee for the purchase of money. Just as you'd pay a fee for the rental of a car. You borrow something from someone, and they charge you a set fee for that borrowing. Is THAT interest too?

And again, as I've tried to explain multiple times now, if you pay the loan off in a month, or in two, or in 6, that CHANGES the total fee you pay. Unlike a credit card or a loan, that gives you a set amount of interest on the entire amount you borrow. So again, your 20%+ number is BULL****
Do finance charges get included in your little interest calculations? Ever?

Yeah same, then I'd look at the Kabbage rate and compare it to the interest rate my bank is offering me which would be much lower lol.

Yep. If I search 'best mortgage uk' most of the websites will include the initial fee in their calculation for the total APR.

You'll always be paying more than 20% APR on Kabbage no matter how soon you pay it back. Finance charges should always be included in 'little interest calculations', obviously.

Originally Posted by james13v

If you pay it off in a month, you're paying $3 for every $100 you borrow. You might claim they are flowering things up, but you're throwing a whopping pile of cow manure on it instead.

Sorry, if $3 for every $100 borrowed, costs you too much, than whatever you need the money for in the first place, is what is the actual bad deal. Not the loan.

Show me another lender that will let you borrow $10,000, give you the cash in MINUTES, without good credit or collateral, for a couple months, for a measly few $100? You should be able to convert that $10,000 into more than enough money to pay off that fee, with a lot of profit to spare. If not, you have poor business sense.

Borrow that amount of money, for a month, and you pay 5% APR. How's that?? So where exactly did you get your 30-50% from? Like Dan, you pulled it out of thin air.

few $100 fee on a $10,000 loan for a month is way more than 5% APR lol jesus, learn some maths.
If the only loan you're being offered is 20%+ per year after having an Ebay business for 10 years then I'd say it's probably you who has poor business sense. My bank's have been trying to throw money at me ever since I started selling about 10k per month.

[yankee]

Originally Posted by james13v

Sure sounds like he fed you a tall tale. I've had bounced payments. I've had late payments. NONE of that happened to me. They were very willing to work with me. They refunded the late fee. They gave me an extra week to pay. Then later, they moved my payment date an extra week.

No Tale.
It was my brother in Georgia and I was there. They left several door tags. Eventually he called the police and had a criminal trespass order issued.

He never did pay them. Not a penny. Nothing came from it.

[nickopedia]

It's not so much about the COST of the money, but the convenience and ability to get it in the first place.

For some people, Kabbage makes sense for them. For the others that it doesn't, there are plenty of alternatives.

There are also plenty of people who don't mind paying 2000% effective APR (or more) for a payday loan, too.

[yankee]

Originally Posted by nickopedia

It's not so much about the COST of the money, but the convenience and ability to get it in the first place.

For some people, Kabbage makes sense for them. For the others that it doesn't, there are plenty of alternatives.

There are also plenty of people who don't mind paying 2000% effective APR (or more) for a payday loan, too.

If you look at your ROI and how fast you can turn funds, it absolutely CAN be a great tool especially if you dont want business stuff on your personal credit.

I will gladly borrow $100,000 and pay back $106,000 in a couple months if I made $50,000 in profit.

The dude above complaining about the fees is not looking at it as transnational.

But if I had to choose a transactional lender, it would be Mint Financial or some other private funds, not a bank owned company. I would rather pay some wealthy friends 2-3% than a bank.

[dan_ebay]

Originally Posted by yankee

If you look at your ROI and how fast you can turn funds, it absolutely CAN be a great tool especially if you dont want business stuff on your personal credit.

I will gladly borrow $100,000 and pay back $106,000 in a couple months if I made $50,000 in profit.

The dude above complaining about the fees is not looking at it as transnational.

But if I had to choose a transactional lender, it would be Mint Financial or some other private funds, not a bank owned company. I would rather pay some wealthy friends 2-3% than a bank.

Most Ebay sellers won't have a net profit margin of over 30% like in your example though so the interest rate becomes more of a factor.
I said towards the start of this thread that it can be useful if you're not able to get cash at a lower rate but most people who've had an Ebay business for 10 years (like the OP) should be able to get a better rate.

[james13v]

Originally Posted by dan_ebay

Yeah same, then I'd look at the Kabbage rate and compare it to the interest rate my bank is offering me which would be much lower lol.

Yep. If I search 'best mortgage uk' most of the websites will include the initial fee in their calculation for the total APR.

You'll always be paying more than 20% APR on Kabbage no matter how soon you pay it back. Finance charges should always be included in 'little interest calculations', obviously.



few $100 fee on a $10,000 loan for a month is way more than 5% APR lol jesus, learn some maths.
If the only loan you're being offered is 20%+ per year after having an Ebay business for 10 years then I'd say it's probably you who has poor business sense. My bank's have been trying to throw money at me ever since I started selling about 10k per month.

Do the ****ing math. $100 fee on $10,000 for a month, is 5% APR. Jesus, LEARN SOME MATH. I'm done with you. You're a troll, nothing more. I came on here asking about linking, not to hear your ****ing opinion on kabbage loans. If you had nothing to say about linking, then why bother to comment in the first place???

[dan_ebay]

Originally Posted by james13v

Do the ****ing math. $100 fee on $10,000 for a month, is 5% APR. Jesus, LEARN SOME MATH. I'm done with you. You're a troll, nothing more. I came on here asking about linking, not to hear your ****ing opinion on kabbage loans. If you had nothing to say about linking, then why bother to comment in the first place???

No it isn't, it's about 12% but you said 'a few $100' not one hundred anyway lol. Thanks for your maths lesson.

[rsot]

Originally Posted by tinsoldier

Thanks for the tip, off now to sign up.

Morning chuckle thanks

[james13v]

Originally Posted by Moodmoon

Hi there. I would advise you to think twice before taking a loan from that company, because, as far as I know, they are not providing the best offers. Better search on the internet for another loan company and offers, I am sure that you can find something better, on https://foxycredit.com/se/leasy-lan for example. One of my friends has taken a loan with a very low interest - 3%, and he is very happy now. It was a very good decision to take a loan, it was very useful for him.

" as far as I know". Not exactly instilling confidence in your opinion lol.