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Discover Personal Loan Interest Charges
I have been approved for a Discover Personal Loan. I uderstood it to be a simple interest loan, but I recently read that Discover charges the interest up front and that if I borrow 20k with interest of 8k and win the lottery and am able to pay it back in a month I will still have to pay the full amount of interest as if I had actually paid the money back over 4 years - meaning I would pay 28k. Is this true?

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