Another thread, I know. But I got a question. I am thinking of starting a loaning service but what does the new rule mean? My English is not extremely good so can someone explain it in easier English. The new rule is:
"MC-Market imposes that 50% the initial loan in aggregated fees and interest per annum be the maximum a lender can indebt the loanee on top of the initial loan amount."
Thanks, Justin.
"MC-Market imposes that 50% the initial loan in aggregated fees and interest per annum be the maximum a lender can indebt the loanee on top of the initial loan amount."
Thanks, Justin.
