03 May Unsecured Loans With Interest Rates of 96%?
Just because a company publishes a nice looking web site and offers to issue a loan, there is no assurance that the deal offered will be any good.
Take, for example, this outrageous offer for unsecured debt offered by a loan company on the Internet. You can get up to $3,000, but you will pay back this debt with an interest rate of 96%. It is my understanding that this company sends out mail solicitations for this offer.
If you find yourself considering a loan like this for even a split second, it is time to take a serious look at your household budget and money management practices. Even lousy credit cards charge less than 30%.
The following two tabs change content below.
Jonathan Ginsberg, Esq.
I represent individuals in Chapter 7 and Chapter 13 cases filed in the Northern District of Georgia, which includes Atlanta, Newnan, Gainesville and Rome. I publish several informative web sites, including https://www.atlanta-bankruptcy.com and an Atlanta bankruptcy blog, https://www.thebklawyer.com/thebkblog. Please mention Bankruptcy Law Network when you call.
Latest posts by Jonathan Ginsberg, Esq. (see all)
- How Cognitive Biases Can Drive You Into Bankruptcy - April 9, 2018
- Are We Seeing a Return to Debtors’ Prisons? - March 6, 2018
- Why Surrendering Your Car or House in a Chapter 13 May Create Unexpected Problems - February 6, 2018
- How Bankruptcy Exemptions Work - November 6, 2017
- Yes You Can Refile Your Chapter 13 Case, But Should You? - September 6, 2017
Sorry, the comment form is closed at this time.