As of today’s date (March 19/2009) we are seeing a serious ramp up of traffic as United States borrowers are scrambling to find personal financing. The online lenders are seeing an increase in traffic all across the board as conventional bricks & mortar lenders are still experiencing a credit squeeze from American regulators and higher lever banks.
Of course we have all been aware of the mess in Washington as Congress and the like try to figure out how stop the embarassing AIG bonuses that have been issued to failing employees and executives. AIG still claims that they had contractual obligations that had to be fulfilled going back to early 2008. Opinions range and anger ranges as joe-q-public finds out more.
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A LOAN CALCULATOR FOR CRUNCHING YOUR NUMBERS IS BELOW; Enter your loan amount, how many years, the interest rate, and payment frequency (14 for biweekly, 30 for monthly, 7 for weekly. Very helpful so you know exactly what the loan will cost you in interest payments and you will know the total COB (cost of borrowing).
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