Home Forums General Discussion I got a personal loan for $36,000 during Covid at 25.44% interest.

  • I got a personal loan for $36,000 during Covid at 25.44% interest.

    Posted by Kentrell Gigi on April 13, 2023 at 8:08 AM

    I went through serious financial hardship during Covid and got a personal loan for $36,000 at 25.44% interest. It’s probably what people call a predatory loan or something. Now things are much better, my salary is up 50%, and my credit score has jumped from 571 to 770. I am getting offers from other companies to refinance at 9.99%. I know if I do this, I will have to pay fees and the amortization will start over. Can someone please help me figure out if getting another loan at a much lower rate is worth it?

    John Staples replied 1 year ago 2 Members · 1 Reply
  • 1 Reply
  • John Staples

    Member
    April 15, 2023 at 10:23 AM

    In my opinion, taking out a loan to purchase a new apartment is a reasonable decision. However, determining which company to approach can be challenging. I am happy to share my experience with you, and I suggest considering whether or not is freedom plus a legit company. This will help you determine whether or not to trust them and obtain a loan from their services.

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