Friday, August 10, 2007

Cash Call

I caught a glimpse of the interest rate for using Cash Call - the ads where Gary Coleman says even his family wouldn't loan him any money. Here is a table for the state of Tennessee.


Loan Product Interest Rate Annual Percentage Rate Number of Payments Payment Amount
$10,000 Loan 24% 24.24% 120 $220.48
$10,000 Loan 39% 39.35% 120 $332.15
$5,075 Loan 59% 59.95% 84 $254.03
$2,600 Loan 96% 99.25% 42 $216.55
$1,075 Loan 89% 96.78% 42 $83.89

Makes my student loans look GOOD!

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