Loan

[levettepough]

If you borrowed $600 from a loan company and had to pay $819 back at $91 a month when you pay them off would you borrow from them again?

[oldbuddy]

If you borrowed $600 from a loan company and had to pay $819 back at $91 a month when you pay them off would you borrow from them again?

Interest has two kinds of followers, those that pays it and those that gets it. I would rather be in the latter group. It would be easier for me to pick up pennies on Fusioncash until I had the money I needed than agree to pay that kind of interest to anyone.

[Nancy5]

I know the interest rate is high, but if you need the money and that's the only place to get it, I guess you have no other choice. 

[oldbuddy]

I know the interest rate is high, but if you need the money and that's the only place to get it, I guess you have no other choice. 

That's exactly my point, you ALWAYS have other choices. It's just the easy way out and also the most expensive.

[diala84]

 I try really hard to pay in full for my purchases or at least have the money to pay it off in full on a credit card. It doesn't seem like a good deal but it depends on why you need the money. I would never take out money like that for something frivolous but maybe in certain situations the big question is will you keep having this problem and need to take out loans just to support yourself if so then you have a problem and talking to a credit counselor or really starting to budget your expenses might be in order. 

[potluck6]

that is bad but i've seen worse.I know store cards are about 22% or more interest credit cards vary.my son wantrs one but has no credit.we bought tires with a c.c. from the store about 500.00 the interest will be about 50-60.00 unless we pay it off faster .

[sammywantsya]

i suggest never borrow