Lenders may be eager to extend credit even before you receive your discharge to take advantage of your financial standing by charging outrageous interest rates. (creditabsolute.com)
They are not regulated in the same way banks and credit unions are and they charge outrageous interest rates, sometimes upwards of 400 percent in annual interest rates. (tribunact.com)
Many tend to lump personal loans into the same category as payday loans: easily approved loans with outrageous interest rates meant for low - income consumers. (lendedu.com)