Thumbs up for clarity. There's some inherent complexity to having different rates borrows pay vs what lenders receive, but having interest broken up by both flat rate and APR and posting the registration fee in the same place makes it easier to understand.
Thanks devinmontgomery. One of our greatest challenges has been striking the right balance between making detailed information available to those who seek it, and keeping our website presentation simple and easy to understand for newcomers.
Thus far, we've opted to display only one kind of interest rate (the simple flat rate upon which our website calculations are based), along with a modal box note that the equivalent APR is roughly twice this, and a prominent display of the actual dollar costs to the borrower.
