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Loan companies can charge a lot for loans that they give out. Much of it depends on your credit score. If you have a really good score then you may get a really low interest rate and not have to pay much, but if you have bad credit or no credit, then they can raise the rate really high and then you will end up owing them a lot of money.

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Q: Do Loan Companies charge too much for the loans they give you?
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Related questions

Where can you compare homeowner loans?

You can compare homeowner loans by looking up loan companies in your area. You should then call and ask them if they can give you a estimate on loans that you can apply for.


How many types of loan a bank can give?

Home Loans, Car loans, education loans, personal loan


Which companies give instant loans to those that have bad credit?

Some companies that give instant loans to people who have bad credit are Credit Now USA, Avant Credit, and Loan Max. These companies give loans to those with bad credit or no references.


What is the meaning of interest in a loan?

The meaning of interest in a loan means, that the person that loans the money will charge you an extra because of that loan. Example: You ask for a loan of 50 dollars and it has an 5% interest. That means that when you give back the loan you will have to give 55 dollars instead of 50.


What companies offer cash loans?

Payday loan services are often willing to do loans in this fashion since they have collateral beforehand. Otherwise your best bet is to call around to cash loan places and ask their policy on credit checks.


Are there any loans you can get with no job?

No - however, sometimes there are companies that will give you a loan if you have a home and mortgage it but really do you want to do that if you have no job - they will take your home.


Which companies give quick unsecured loans?

There are a lot of loan companies available to potential borrowers. These companies range from places like Payday Loans, and Cash One to credit unions and banks. How fast the loan is made available seems to partly depend on what interest rate one is willing to pay. Typically places like Payday Loans offer quick loans, but at a very high interest rate.


Where in Canada can loans for people with bad credit be obtained?

If you are a Canadian citizen but have bad credit there are a number of companies who will still give you might give you a loan including Drivetime, 1 Month Loans, Fast Access and Bad Credit Canada Loans.


What do you pay extra when you get a loan?

Companies give loans to make money, so loans always come with interest rates. For examples, if a consumer received a $200,000 loan at 5% interest over 30 years, they will pay back almost $400,000.


You are needing a loan you have 2 outstanding loans now who will give you a loan?

Maybe you could get a consolidation loan from the bank - what that means is they pay your other 2 loans off and give you one big loan through them that you have one payment for.


Where can someone with bad credit apply for a auto loan?

For people with bad credit it is not impossible to get a car loan. Some financial companies give credit to people who have had past credit issues. Using these companies result in higher interest rate premiums. For the most part you can often qualify for a car loan if you clean up your bad credit rating and applying for loans at the right places. Places you can apply for an auto loan is Bad Credit Auto Loans and Road Loans.


Where can you learn more about faxless payday loans?

Faxless payday loans are described in detail in the encyclopedia of payday loans. Most payday loan companies, like Cash America and payday express, are happy to provide faxless payday loans, in fact preferring to give their loans in person.