Advertisement
Ad Space - Below Hero
Loan Details
Recommendation:
Advertisement
Ad Space - Between Results
Key Metrics
Effective APR
Monthly Payment
Total Interest
Total Cost
Total Fees
of total cost
Market Comparison
Your Rate:
Market Average:
Market Range:
Red Flags Detected
Payment Breakdown (First 12 Months)
Total Cost Breakdown
Save This Analysis
Keep a record of this loan analysis for future reference.
Ready to Analyze
Fill in the loan details on the left and click "Analyze Loan" to see comprehensive results here.
Advertisement
Ad Space - Before Educational Section
Understanding Predatory Loans
Warning Signs
- • APR above 36%
- • Excessive fees (over 5% of principal)
- • Balloon payments
- • Prepayment penalties
- • Mandatory arbitration
- • Asset-based lending
How to Avoid
- • Compare multiple lenders
- • Read all terms carefully
- • Calculate total cost
- • Check lender credentials
- • Avoid APRs above 36%
- • Be wary of unsolicited offers
Alternatives
- • Credit union loans
- • Payment plans with creditors
- • Nonprofit credit counseling
- • Community assistance programs
- • Family loans (with agreements)
- • Employer salary advances
Advertisement
Ad Space - After Educational Content