BASE1864 you said "If I default on the loan, the caryard doesn't...

BASE1864 you said "If I default on the loan, the caryard doesn't go and pay the bank my difference. This is a stupid idea put forward by people just trying to slander the company. Finstro is a finance company, pure and simple. How is any of this any different than Interest free for 24 months from Harvey Norman or Amart, Rent Try Buy, Radio Rentals or that stupid Nimble garbage we see on tv?"

To answer, no one is suggesting that BIG (in your eg the caryard) pays the difference to the finance in default, in actual cash, but it APPEARS that they are doing it via discounted stock.

This is VERY DIFFERENT to finance from Harvey Norman (which is flexirent FXL). By the way, flexirent pay suppliers commissions, for completed finance deals. Why doesn't BIG get any commissions???