Running a day care and want a loan !!!!!

[Van]

I found a great way to get a loan into your chequing account and that is from the MBNA credit card as it supports a small business like daycare in our home it was easy to apply over the phone and I waited maybe 1 month before I got the okay . it also asks for payments of only 1.99% interest per month , and they give you 12 to 15 months to pay back the loan in full so you have to arrange to have the money in that time or 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

[kindertime]

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!

[Lee-Bee]

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!

I agree with this. Frankly, anyone that CAN pay off their debt in 12months time doesn't need to switch to this kind of agreement. The risks are too high.