Citi Bad Credit Unsecured Personal Loans – July 25 Payday Loan and Credit Card Alternatives Attract Some Low Credit Score Borrowers
Posted on | July 24, 2011 | Comments Off
Even though there have been some economic reports that suggest that the economy is getting better it is still true that the national unemployment rate is at 9.2% and many Americans are doing whatever it takes to make ends meet financially. With this being true many are looking for Citi bad credit unsecured personal loans as an alternative to a payday loan or credit card in July.
On July 25th, 2011 we are seeing the 10 year treasury rate yield right at 3% which means that interest rates are very close to 2011 lows. For individuals with a low credit score it can be quite difficult to lock in low interest rates but there are still some options that will allow them to avoid high interest rate loans.
It is important to remember that Citi is one of the largest financial institutions in the country but definitely not the only option when it comes to locking in to a personal loan. By doing some extensive research online many will find that there are a number of local and regional financial institutions that can help when it comes to money assistance.
Customers are also urged to do research on compounding interest. By better understanding how compounding interest can hurt or help a financial situation some borrowers will likely be able to save a significant amount of money in the long run. With this in mind it might be a good decision to spend a few hours on the FTC.gov website.
Even though bad credit unsecured personal loans are an alternative to credit cards and payday loans it does not mean that they are going to have low interest rates. In fact, some very bad credit borrowers will likely find that they could receive interest rates as much as 20% or higher due to poor financial decisions in the recent past.
Author: Mike Garner
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