The average loan interest rate is at an all-time high. If you’re considering taking out a loan, you need to be aware of the current interest rates. This article will give you an overview of the top loan interest rates so that you can make an informed decision.
Get rid of high interest loans.
High-interest debt might be difficult to pay off, but there are plenty of options available if you know where to search.
- Loan for consolidation or refinancing.
- Transfer of balance….
- Self-efficiency method.
- Settlement of debt.
- The bankruptcy.
- Now it’s time to choose.
What is considered high interest loan.
Any loan with an annual percentage rate (apr) more than 36%, the maximum apr that the majority of consumer advocates deem affordable, is considered high-interest. High-interest loans are offered by online and storefront lenders that promise fast funding and easy applications, sometimes without checking your credit.