Originally Posted by
RightDiddy
personal line of credit. Unsecured means they have no collateral therefore #1 you dont have to have full coverage becasue your title isnt under a lein with them and #2 your intrest rate will be higher becasue they arent garunteed anything that you will pay. most intrest rates for those are around 20% yours might be better with a FCU
Alright. I'm really bad at this. Any idea how much extra per year I'd be paying if I got like a 5k loan? I'd be getting the loan through my bank so wouldn't they be able to withdraw their money monthly?