I have been offered $5,000 with a monthly periodic rate of 2.916% and a 34.990% Annual percentage rate. I know this is not good but just how bad is it? Would I be absolutely out of my mind to take it?
2006-06-29 13:13:16 · 3 answers · asked by anonglass62 2 in Business & Finance ➔ Personal Finance
Well I also just got an offer for 0% APR for one year on balance trasfers. If I am sure to pay it off before then, that is a smart move right? It would be saving money to transfer from a couple of accounts that have between 18 and 24% right?
2006-06-29 14:08:33 · update #1
Yes - out of your mind for sure.
2006-06-29 13:17:24 · answer #1 · answered by benderedundat 2 · 1⤊ 0⤋
what type of revolving line? my business line is prime plus 1
2006-06-29 20:50:22 · answer #2 · answered by glenn b 2 · 1⤊ 0⤋
0%
34.990% is ridiculous - who monitors those companies - I would report them becuz that is highway robbery
2006-06-29 20:17:08 · answer #3 · answered by moved 5 · 1⤊ 0⤋