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The UGLY Truth: Why Your GovCon Loan Costs DOUBLE the Rate You Signed For
Manage episode 511373047 series 2905206
On this Daily Windup, Craig Cohen returns to break down one of the biggest landmines in government contracting finance: the “up to” trap. That line on your term sheet might sound generous, but it’s designed to keep you jumping through hoops while banks nickel-and-dime you with endless hidden fees. Eric shares his airline analogy that makes the whole scam click instantly.
- The danger behind “up to” language in loan agreements
- How teaser rates + fees end up costing more than transparent pricing
- Why real lenders should give you one clear list of all charges
Learn more: https://govcongiants.org/
568 episodes
Manage episode 511373047 series 2905206
On this Daily Windup, Craig Cohen returns to break down one of the biggest landmines in government contracting finance: the “up to” trap. That line on your term sheet might sound generous, but it’s designed to keep you jumping through hoops while banks nickel-and-dime you with endless hidden fees. Eric shares his airline analogy that makes the whole scam click instantly.
- The danger behind “up to” language in loan agreements
- How teaser rates + fees end up costing more than transparent pricing
- Why real lenders should give you one clear list of all charges
Learn more: https://govcongiants.org/
568 episodes
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