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Can a high interest loan Co. take my disability if I can't pay?
Wiki User
∙ 14y ago
No...no company can take any money from you if you get disability, ssi or welfare
Wiki User
∙ 14y ago
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How can you reduce interest on high interest loan?
Repay the loan with the funds raised from a lower interest loan.
Is it better to get a high interest short term loan or a low interest long term loan?
It depends on how long you need the loan for and how long it would take for you to complete the payment. But in general a low interest long term loan means a higher interest payment over the life of the loan where as a high interest short term loan means less amount of interest payment over the life of the loan.
What is the interest rate on an unsecured personal loan?
The interest rates on an unsecured personal loan vary greatly from loan to loan. If your loan is through a Credit Union, it can be as low as 1.9%, whereas if it is a high-risk loan secured through a private business, the interest rate could be as high as 30% or more.
In general would interest rates for a personal loan be lower or high than those for a business loan?
In general the interest rates for a personal loan would be higher than for a business loan. The risk of losing money with business loan is not as high as with personal loan.
What is a high interest rate on a personal loan?
what is the currnet rate of personel loan intrest
What is the accurate definition of payday loan?
A payday loan is a high interest short term loan. A borrower will borrow a sum of money for a short time and pay it back with a very high interest rate attached.
How can you escape your high interest contract?
try to get a lower interest loan and pay off the higher interest contract.
Are low interest loans better than high interest loans?
In general, a low interest loan is better than a high interest loan. The only time this may differ is if you are getting a variable rate loan, which may become lower than a higher fixed rate loan over time. However, this can be hard to predict, so it is always better to go with the low interest rate.
What is considered to be a high interest rate on a student loan?
The interest rate on a student loan depends on the year it was established, the type of loan, and the habits of the student paying back the loan. Generally, 6.9% is considered to be in the high range, but lagging behind payments can increase the loan amount up to 14.0+%.
Is a credit card a loan?
Yes a credit card is a loan but remember the interest rate on these can be quite high comparing to a personal loan.
What type of interest is expected on a payday loan?
A payday loan is a very dangerous loan, as it requires an individual to pay an (sometimes) extremely high interest rate. These loans are recommended to be steered clear from.
Consumers should be concerned about high interest rates because high interest rates?
High interest rates increase the cost of taking out a loan, making credit purchases more expensive.
