4 ms·

So it is essentially a credit card rate.

• ZeroGravitas 13y ago
  A pretty good credit card rate. If you do a search for credit cards for people with poor/no credit history you'll see 35%-60% APR rates.
  • aestra 13y ago
    http://www.creditcards.com/bad-credit.php http://www.creditcards.com/bad-credit.php 30% seems to be common. When I got my first CC I just got a low limit ($600), not high interest.
    • ZeroGravitas 13y ago
      Coincidentally, that's the same link I googled for my figures. They have 2 at 30%, 6 at 35%, 1 at 40% and 1 at 60% and all of them need to approve you even at those levels, and may increase them for particularly bad risks (they market them as "representative" rates, so some percentage of people needs to get them I think). I'd guess the people who aren't savvy enough to go through a price comparison search also get stung at the high end of these rates too.