Is Rule of 78’s Theft, a Trick, or a Trap?

Well, that’s what some financial people would have you believe, anyway. (BankRate.com gleefully titled a column by Lucy Lazarony – “Watch Out For This Auto Loan TRICK.”) The Motley Fool also calls it a “trick” in a column by Kailey Hagan: “Hint: It’s another trick lenders use to line their pockets at your expense.” https://www.fool.com/the-ascent/personal-loans/articles/what-is-a-precomputed-loan/… Continue reading Is Rule of 78’s Theft, a Trick, or a Trap?