Personal loans for any purpose. net is here to helpl. ItвЂs a relief that money loans are available when you need them, but this type of cash advance loan is not intended to be a long term financial solution. Be sure to consider all your other options before taking out quick loans. If you find yourself living paycheck to paycheck and have the need for installment loans more often than youвЂd like, it may be time to take a step back and look at your overall financial picture.
Essentially, there are two things you can do to change your financial life: make more money andor spend less money. To make more money, think about what resources you have available to you.
0714. We then multiply this by the interest rate for two weeks of 23 to get a simple annual percentage rate of 599. 64 percent. Lets see another example: Lets say you were borrowing 200 with a cost of borrowing of forty-four personal loans for any purpose and youre only borrowing for 10 days. The rate for the period is forty-four dollars divided by two hundred dollars or 22-percent.
The period is 10 days. To figure out the simple annual percentage rate, we need to multiply 22 percent per ten days by the number of ten day periods in a year, which is given by 365 days divided by ten days or 36. Now, we simply take twenty two percent and multiply by 36.
This gives us a simple annual percentage rate of 803 percent.
Warning. Do not get a loan from this company!. Save yourself!. Sell your car if you have to but do not get a loan from City Loan. They will steal your money and your car!.
What they do should be illegal. I have been paying for 10 months 375. 00 a month and my loan actually went up!. I now owe more than I borrowed. I asked to skip a payment and they told me I can't when their ads clearly say they will help you.