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0% representative
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
in Loans
I been hearing and seeing this phrase for some time now and it's driving me bonkers :mad: I know what 0% means, but can someone please tell me what does the word 'representaive' in the context of a 0% interest loan actually mean?
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Comments
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Representative means that they have to give that rate to 51% of successful applicants. So if a person is higher risk they could be accepted for credit but at something more than 0%.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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