BIG 0.00% $2.22 big un limited

JS on Smart Investor (video interview), page-221

  1. 731 Posts.
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    Dude, I'm just trying to explain the facts to you.

    The application agreement is for the $12k line of credit. It's interest free for 12 months, and they repay $1k per month.

    So they get $12k line of credit and start repaying $1k per month for 12 months. The repayments are the responsibility of FC, not BIG.

    For example, they take a video package worth $4k (maximum) and the remaining $8k they can do what they want with. BIG gets the $4k from FC, and FC collect in their $12k line of credit over 12 months.
 
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