Bad Credit Unsecured Personal Loan Interest Rates from Chase, Citi, Capital One and Wells Fargo
Posted on | September 23, 2010 | No Comments
There is very little argument to be made that bad credit unsecured personal loans have increased in interest over the last several years as Americans are looking to borrow money. It is important to realize that unsecured personal loan interest rates can be quite excessive as a credit score will greatly determine the interest rate on any amount of money borrowed. Some of the major lenders that offer personal loans include Chase, Citi, Capital One and Wells Fargo.
While these are some of the largest lenders in the country it is also important to recognize that they are not the only options. By doing research online borrowers will likely be many loan lenders available to offer very attractive offers and the present economic environment. When seeking a bad credit unsecured personal loan do not be surprised to see interest rates as high as 20%.
We are currently seeing average interest rates for personal loans between 12% and 18% but these are the interest rates that are available to Americans who have a decent credit score. By having a bad credit score, below 600, many borrowers will find an unsecured personal loan interest rate is in the high end of this range and possibly even about 20% in September of 2010.
Author: Heather Best
Tags: Bad Credit Unsecured Personal Loans > chase personal loans > citi personal loans > interest rates > loan rates > personal loan interest rates > personal loans > wells fargo personal loans
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