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What is the average interest rate on a short term loan with great credit?
Wiki User
∙ 14y ago
The average interest rate on a short term loan is 4.5% if you have great credit. You may need to shop around to find this, but you'll be able to.
Wiki User
∙ 14y ago
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How the credit card works?
the credit card is no good A credit card works as a revolving line of credit. Of course some rates can be quite high but it is meant to be used as a short term financing option. A credit card is a great thing to have as long as you remember that you have to pay it back and you have to pay interest. Use it for what it is intended for. Emergency situations, not just because you want something.
Where can I get the lowest rate on a credit card?
The lowest rate on a credit card depends on ones credit status, location and the company that the credit card is offered with. Visa, Sainsbury's, Natwest, Royal Bank of Scotland, Halifax and MBNA offer some of the lowest interest rate credit cards on average. It is always worth shopping around on a 6 monthly or 12 monthly basis as deals are often fixed at a low interest rate for just a short period of time.
Is it more expensive to borrow from bad credit lenders?
Yes. Borrowing from a bad credit lender can be more dangerous to a person's credit due to high interest rates and short terms.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
What is the average interest rate on a payday advance loan?
Payday loans are small, short-term loans made by specialist companies. According to the consumer's union, the average interest rate for these loans is 911%.
How the credit card works?
the credit card is no good A credit card works as a revolving line of credit. Of course some rates can be quite high but it is meant to be used as a short term financing option. A credit card is a great thing to have as long as you remember that you have to pay it back and you have to pay interest. Use it for what it is intended for. Emergency situations, not just because you want something.
Where can I get the lowest rate on a credit card?
The lowest rate on a credit card depends on ones credit status, location and the company that the credit card is offered with. Visa, Sainsbury's, Natwest, Royal Bank of Scotland, Halifax and MBNA offer some of the lowest interest rate credit cards on average. It is always worth shopping around on a 6 monthly or 12 monthly basis as deals are often fixed at a low interest rate for just a short period of time.
Is it more expensive to borrow from bad credit lenders?
Yes. Borrowing from a bad credit lender can be more dangerous to a person's credit due to high interest rates and short terms.
What is non installment credit?
Noninstallment credit is credit that is paid all at once, in a single payment. It is usually very short-term, and it doesn't usually make the borrower pay an interest rate.
where can i find a short term cd that yields high interest rate?
Check with your local credit union. Orange CD from ING direct has a short term CD that you can put in 5000 for three years with a 3.24 % interest rate. Other then that bank and credit unions have CD for five years and a lower precentage rate.
What is the average interest rate on a payday advance loan?
Payday loans are small, short-term loans made by specialist companies. According to the consumer's union, the average interest rate for these loans is 911%.
Where might one find information on credit crisis?
Credit crisis is also commonly known as "credit crunch" which is a situation in which there is a short supply of money to provide to businesses and consumers and interest values are high-pitched. At "investopedia" there is ample information about credit crisis.
How can I get a short term loan?
If you belong to a bank or credit union, check with them first. If your credit is in good standing, their loans will almost always be better (in terms of interest rate) than a short term loan place. For any loan you will need to show proof of income, and will likely have to submit to a credit check.
Is credit a short vowel?
Yes, credit has short vowel sounds.
Is credit short vowel?
Yes, credit has short vowel sounds.
What does your credit score have to be to qualify for low interest rate credit cards?
Every lender determines its own standards and requirements for credit. Keep in mind that lenders generate billions of dollars in revenues annually from credit card interest, and as such, they are not inclined to offer "low interest rate" cards except for short periods in promotional offerings. Savvy consumers pay off credit cards each month to avoid interest charges; lenders refer to these customers as "deadbeats" because they are not generating any income for the lender. For the best rates, go to www.creditcards.com or speak to your banker locally.
What is the short vowel in credit?
The short vowel in "credit" is the "e" sound. It is pronounced as /ɛ/.
