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Cash loans azusa can buy three or four homes with 100,000 instead of just one home paid for with all cash.
For instance, if you borrow 1,000 for cash loans azusa year at 5, you pay back 85. 61 each month 2. 28 for the interest and the rest for the principal. But with a payday loan, you have to pay back the whole sum interest and principal all at once. For a borrower on a tight budget, this is often impossible. High Interest. When you borrow money from a bank, the interest you pay depends on your credit rating and the type of loan youre getting.
A borrower with excellent credit can get a mortgage loan with an annual percentage rate (APR) of 3 or less. By contrast, someone with bad credit taking out an unsecured personal loan would pay 25 or more.
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Tremont Lending has been selected as cash loans azusa lender and you have been pre-approved for a loan up to 750. " If I wanted to borrow 750 for a week, I would have had to pay 225 in interest. The site said that was an annual percentage rate of more than 1,300 percent.
I did not agree to take the loan. But within minutes, my phone rang (I had entered my real phone number). It was a guy from Tremont Lending, in South Dakota.
I told him I was a reporter, that I didn't really want a loan, and I figured that would be the end of it.