310-LOAN - Advance View Blog » Payday Loan Blogs http://advanceview.310loan.com A blog about cash advances and the payday loan industry by 310-LOAN.com Tue, 20 Mar 2012 19:42:04 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 The Problem with APR http://advanceview.310loan.com/the-problem-with-apr/ http://advanceview.310loan.com/the-problem-with-apr/#comments Fri, 07 May 2010 23:54:35 +0000 admin http://blog.310loan.com/advanceview/?p=11

This cartoon, from Check Into Cash via Payday Pundit, looks at why using APR (a measure of annual interest) to calculate the true cost of a payday loan makes no sense (click the image for a larger view):

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