5 ms·
A 15k personal loan at 12% (no idea what loan rates are now, but 12% seems high enough) with a payback period of 3 years would be an extra $600/mo. Heck at 1 ye
by nemothekid 3y ago
A 15k personal loan at 12% (no idea what loan rates are now, but 12% seems high enough) with a payback period of 3 years would be an extra $600/mo. Heck at 1 year its an extra 1,332.73/mo - you would still come in under median.
- jrockway 3y agoPersonal loans are like 7% right now. Or at least that's what Amex quotes me every time I log in.
- asadotzler 3y agoBecause everyone's rich enough to have an Amex account, and no one ever turns over their car title or uses a payday lender to make rent. Everyone is exactly like me, a rich white guy living a casually luxurious lifestyle, so how could they not have access to easy and cheap capital.
- jrockway 3y agoI mean, the 12% figure quoted isn't what you get at a payday loan place.