TIP, Total Interest Percentage

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tmcentire@banka...
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Joined: 2013-05-28 14:42
TIP, Total Interest Percentage

How are banks explaining this to the customers when they question it? We understand it but we're having difficulty convincing our customers this is not the rate we are charging but what they end up paying over the life of their loan. Would love to know how others are responding when this is questioned.