over 4 months ... I've already shown that CCP is 45% cheaper.
Now over greater periods using your fee data ...
Speckle - 1 year = 34% +10% + 24% (ie. 12 x 2%) equals > 68% over 12 months (greater than because the 34% fees are added to the loan on day 1 and then you pay 34% APR on the 34% of fees!)
Speckle - 2 years = 34% + (10% + 48%)/2 equals > APR63% ... again much more than WW.
Speckle - 100 years = 34% + (10% + 1200%)/2 equal an APR about WW .... but this simple maths doesn't take into account that with Speckle you will pay an additional 34%APR on the 1210% fees charged on day 1!
WW is cheaper than Speckle over ALL periods - the high upfront fees are NEVER offset by the lower APR%! And Speckle is a charitable organisation - the Nimbles, Cash Converters etc are terrible compared to Speckle (as you point out - their fees are double Speckle's).
CCP Price at posting:
$18.60 Sentiment: Hold Disclosure: Held
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