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| *Loan,banking and credit>>>credit line |
What is a good interest rate for a revolving line of credit? |
I have been offered $5,000 with a monthly periodic rate of 2.916% and a 34.990% Annual percentage rate. I know this is not good but just how bad is it? Would I be absolutely out of my mind to take it? 10 months agoWell I also just got an offer for 0% APR for one year on balance trasfers. If I am sure to pay it off before then, that is a smart move right? It would be saving money to transfer from a couple of accounts that have between 18 and 24% right? 0% 34.990% is ridiculous - who monitors those companies - I would report them becuz that is highway robbery oh yeah 18% should be the highest rate unless it is a store creditcard then they usually charge 28% lign="right" > Sign in to vote! Yes - out of your mind for sure. lign="right" > Sign in to vote! what type of revolving line? my business line is prime plus 1 |
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