Unsecured Loans With Interest Rates of 96%?

Just because a company publishes a nice looking web site and offers to issue a loan, there is no assurance that the deal offered will be any good.

Take, for example, this outrageous offer for unsecured debt offered by a loan company on the Internet.  You can get up to $3,000, but you will pay back this debt with an interest rate of 96%.   It is my understanding that this company sends out mail solicitations for this offer.

If you find yourself considering a loan like this for even a split second, it is time to take a serious look at your household budget and money management practices.  Even lousy credit cards charge less than 30%.