I applied for the 6.9% loan for $30000 to get rid of the HELOC at 11% and consolidate in another CC that is at 12%. They gave me a 9.9% loan. Now this is fine, but here is the clincher. You can pay off the loan early, with no penalty, but you still must pay off the whole interest amount (about $10000). It comes with a set monthly payment you make for about 72 months. So really the loan is for $40000. I'm not very good at math. Is there a loan pro or a calculator that could tell me which would be better? I'm thinking of keeping it the old way, because I do plan on paying the amount off early. Thoughts.....
Need some advice!!
August 16th, 2006 at 01:27 am
August 16th, 2006 at 01:34 am 1155688470
August 16th, 2006 at 04:50 am 1155700248
August 16th, 2006 at 04:12 pm 1155741139