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

[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.