Payment caps don't limit the amount of interest the lender is earning, so they may cause negative amortization. (banklady.com)
If you have poor credit your options are the higher interest lenders including some specialized finance companies, as well as payday loan companies and high interest credit cards. (hoyes.com)
We are a simple interest lender — so you only pay interest on the unpaid principal balance every day. (ioufinancial.com)