Click to Visit
[ Post Follow-Up ] [ Disclaimer ] [ Main BB ] [NB Refresh for current version]

re: Credit Union & Money lenders


Posted by jj on December 02, 2015 at 10:55:36:

In Reply to: re: Credit Union & Money lenders posted by Good Fellow on November 30, 2015 at 12:52:59:

One reason the rates are high because of the short term nature of the loans. The admin fee when expressed as a APR over a short period over a small actual loan inflates the APR.

Additionally, banks and credit unions have better security versus the unsecured nature of these loans. Why regulate the rates? Why are people trapped using them - they shouldn't spend money they don't have.

 
 
Follow-Ups:


Post a Follow-Up

Name:
E-Mail:

Subject:

Comments:

Optional Link URL: (http:// required)
Link Title:
Optional Image URL: (http:// required)

In submitting this post for publication I agree to the Terms and Conditions of the Disclaimer


[ Post Follow-Up ] [ Follow-Ups ] [ The BB Index ] [ Main BB ] [ Disclaimer ] [NB Refresh for current version]