[thechat] Hey Buddy, Can you Spare a Dime?

Matt Warden mwarden at gmail.com
Thu Jul 16 12:24:36 CDT 2009

On Thu, Jul 16, 2009 at 10:54 AM, Luther, Ron<Ron.Luther at hp.com> wrote:
> Fred Jones noted:
>>>My bank wants to offer me a loan ... <snip />
>>>of $17,500. Terms are it's paid back over 60 months of
>>>paying $381.25 per month
> Hi Fred,
> That works out to be (roughly) an 11.15% interest rate.

Yikes. If that's the case, you would be better off getting a
peer-to-peer loan from something like LendingClub. That is unsecured
as well.

Matt Warden
Cincinnati, OH, USA

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