Talk:Industrial loan company

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Error in Description of Morris Plan?[edit]

The article says that, under the Morris Plan, borrowers agreed to repay loans through "purchase of Installment Thrift Certificates in weekly installments equal to the face value of the loan, less origination and investigative fees." It seems impossible that borrowers would agree to make weekly payments nearly equal to the amount they borrowed. If they could do that, why borrow in the first place? Jdcrutch (talk) 20:05, 13 November 2013 (UTC)[reply]

While rather poorly worded, it's correct, but it could be stated more clearly by rephrasing to mention that the sum of all of the weekly installments is equal to the face value of the loan. Basically, your emphasis slightly changes the meaning of equal to from "all of which are equal to" to "each of which are equal to".68.54.0.181 (talk) —Preceding undated comment added 12:06, 18 June 2018 (UTC)[reply]

External links modified[edit]

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