Are you calculating the APR you charge your installment loan, car title loan and payday loan borrowers correctly?
Does your installment, payday and car title loan loan management software [LMS] correctly calculate the annual percentage rate (APR) on your loan contracts? I HIGHLY RECOMMEND you double check your APR calculations!
Here’s a free APR tool provided by the Office of the Comptroller of the Currency! Download it free here: APR Calculator
Get the facts. 400+ page “How to Start a Payday Loan, Car Title Loan or Installment Loan Business.”
We cover it all. Here’s a link to the Table of Contents. Link