References: Austin, BJ. In Dallas, Poverty Has Skyrocketed Over the Past Decade Kera News. August 21, 2014. Accessed February 9, 2016. https:keranews. orgpostdallas-poverty-has-skyrocketed-over-past-decade Avoid the Dangers of Car Title Loans Financial Web.
The interest rates on personal loans depend partly on the loan amount and term. But lenders also assess your credit worthiness, usually by looking at cash loans plymouth credit file.
The lowest rates are reserved for the best customers that is, borrowers with a spotless credit record. If you are judged likely to default on the loan because of a poor credit history, you will be charged a higher rate of interest or your application will be turned down. In other words, there is no guarantee that you will qualify for the advertised rates.
Lenders are allowed to boast of low representative rates if those rates are charged to 51 of successful applicants, which means almost half could be charged a higher rate.
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