They either charge you a flat percentage of the financed amount or they are charging the client some type of APR for their financed amount. They don't do it for free.
This typically works by charging you a flat rate on the financed amount. They take this out of the balance they pay you. This way their exposure is somewhat mitigated should the end user default.
__________________
"There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice. -Charles de Secondat"
|