Guaranteed Personal Loans: Too Good to be True? | Credit Karma
The price tag of a guaranteed personal loan Payday-style loans typically charge a fee of $10 to $30 per $100 borrowed. If you need $300 to pay for a car repair, and the lender charges $15 for every $100 you borrow, you’re paying an APR of nearly 400%. At this point, your total cost comes to $345.
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