Quote Originally Posted by Van View Post
the interest rate jumps up to 29% as a regular credit
card, but it sure frees up your money for the 12 months to fix money worries when you need it but you have to pay it all back in 12 months and it allowed $15,000 on my first loan
REALLY, REALLY, REALLY be careful of this kind of loan! At 29%, if you owe as little as $1,000, your interest will be $290. It is very hard to get out from under a debt like this. Please, be very certain you can pay off the balance at 1.99% in the 12 months or else you are going to be thrown into the deep end. These kinds of loans are the ones I was talking about that pray on desperate people. And from the CBC Marketplace shows they have done, we know they will lie to you too!