How to work out what an advance costs

Multiply the advance by the factor rate. This is the total you will repay, whatever the term.

Subtract the advance from the total payback. This is what the money costs, in dollars.

Subtract any origination fee from the advance. This is what actually reaches your account. Judge the cost against the net deposit, since you repay on the full advance.

Divide the total payback by the number of business days in the term for a daily payment, or by the number of weeks for a weekly one.

Divide the payment by what your account receives on a slow day. If it takes a large share, the advance may be too heavy. Count any advances you already pay as well.