Why Credit Card Balances Grow So Fast: The Power of Compound Interest
Borrowing money includes certain costs, which often include upfront fees, interest charges on the principal balance and a late charge...
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Why a Reverse Mortgage is an Expensive Way to Pay Off Debt
With retirement drawing near, Baby Boomers are seeking non-traditional ways to eliminate debt before entering retirement. Making minimum payments on...
Debt Settlement and Negotiation as a Debt Relief Option
Financial hardships don’t all come in the same form. Forced early retirement, age discrimination, and health can all influence your...
Should You Borrow from the Cash Value in Your Life Insurance Policy to Pay Off Debt?
Our strong economy reflects high consumer confidence, record low unemployment, and rising consumer debt. In March 2019, according to The...
What is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
The phone rings. It’s a number you do not recognize. It’s probably another debt collection agency calling to demand payment. ...
Why Paying Off Debt with a Home Equity Loan is a Risky Strategy
Almost everyone has debt. You use credit to purchase a home, buy a car, pay for college, and make everyday...
Which Debt Relief Option is the Right One for Me?
The stress from carrying large amounts of high-interest credit card debt can make it feel as though an elephant is...
How Does a Debt Consolidation Program Work?
Another month begins, and your debt balances are going nowhere. Making minimum payments has not made a noticeable impact. You...
REPRESENTATIVE EXAMPLE OF APR
If you borrow $30,000 over a term of 5 years (60 months) with an APR of 4.99% you will pay $566.00 each month. The total amount payable will be $33,959.97, with total interest of $3,959.97.
ANNUAL PERCENTAGE RATE (APR)
Annual Percentage Rate (APR) represents the annualized interest rate you are charged for borrowing. It is the combination of the nominal interest rate and some additional costs such as fees involved when incurring debt. Our lender offers APRs for personal loans, cash advance loans, installment loans and debt consolidation loans from 4.99% to 35.99%. Since New Start Capital does not directly issue loans, we cannot deliver any specifics or guarantee the APR you will be offered. The APR depends solely on your lender’s decision, based on various factors including your credit score, credit history, income, and some other information you supply in your request. For more information regarding the APR contact your lender.