Cheap loans may not be so cheap any more
Many consumers are hooked by the low interest rate but it is only when they approach the lenders that they really know they don’t qualify for best interest rate or cheap loan. Similarly, many unsuccessful applicants are either rejected on the spot or offered loan at a higher rate. Others are amazed to learn that they have to borrow more in order to qualify for the best rate. But what’s annoying is that money lenders often shy away from stating the reason why the attractive rate was declined.

Posted on : Sat, 12 Mar 2005 00:00 GMT

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