Select Credit Offer to Review

Search Credit Articles

New and Used Car Loans and Refinancing--- Secured and Unsecured Credit Cards--- Credit Report, Score, Repair and Protection--- Debt Counseling, Settlement and Consolidation--- New Home Purchase, 2nd Mortgage ReFi, Cash Equity--- Short and Long Term Personal Loans


Auto Loan: Good or bad credit auto loan quote. Apply for a new or used auto loan, or for car refinancing.

Credit Card: Search for a gold rewards or a bad credit card. To rebuild credit, get an instant approval credit card. Browse unsecured platinum and guaranteed credit card offers.


Credit Report: Free credit report help to fix credit report errors and improve credit score ratings.


Debt Counseling: Nonprofit credit counseling, unsecured debt consolidation or free debt settlement.


Free Credit Offers: Get no obligation credit offers and receive alerts and tips to manage personal finances.


Home Loan: Stop paying rent and live the American dream.


Mortgage Refinancing: 2nd mortgage loan for remodeling, equity cash out or a debt consolidation loan.


Payday Loan: Get a good or bad credit unsecured loan with no credit check and no collateral.


Personal Loan: Short or long term personal loan.


Personal Finance: Create a personal budget, balance a checkbook, file bankruptcy and more.


Free Help: Personal finance newsletter, credit advice and tips.


Interest rates: National averages of credit card, mortgage, refinancing and auto loan interest rates.

Credit Articles

Financial News

Recent Articles

RSS Feeds Syndication

Site Map

Search Articles

Advanced Search

Article Options
Secured Unsecured Low Interest Loans
Secured and Unsecured Low Interest Loans
Although the economy is in depair, the federal government's efforts to stir new life has opened the doors to favorable, low interest loans. Whether you're looking for a secured loan or even an unsecured loan, depending upon your current credit rating you could obtain a incredibly low interest rate.

When considering how you can best take advantage of lower interest rates, don't forget about the loans you may already have. Although refinancing may not be the best answer since refinance rates are typically higher than purchase rates, there are innovative ways to save money.

Let's look at one example: Let's say you have an auto that is paid off, but you refinance for a secured loan so you'd have cash for whatever reason. If you had refinanced it for $5,000 at a 15% interest rate, your monthly repayment would be $173.32. But let's say instead you used your new platinum credit card with a 10.59% APR to payoff that $5,000 refinance. Since the card offers such a great, low interest rate, you could pay off that loan in only 34 months instead of 36, while still paying the same monthly payment of $173.32!  Your interest savings would be $442.93! (The auto loan interest would have cost you $1,239 over the life of the loan, minus the $796.07 interest charged by the platinum credit card). Because of the lower interest rates, this is one of those rare opportunities to use an revolving credit (credit card) as a high dollar unsecured loan that can actually save you money over a previous, high interest secured loan.

So no matter what your situation, be creative in your thinking and you may conjure ways you can take advantage of the low interest rates to save money.

Interest rates as of the date of this article's publication:
(Current Interest Rates - Click Here)

Unsecured Loan (Revolving Credit)

Credit Card Interest Rates
                 Fixed    Variable
Standard    13.42    12.77
Gold           11.73    11.43
Platinum     10.59    12.25

(For unsecured personal loan interest rates, consult your bank)

Secured Loans (Mortgage and Auto)

New Home Loan Interest Rates
30yr fixed                5.62
15yr fixed                5.08
5/1 ARM                  5.76
30yr fixed jumbo       7.17
5/1 jumbo ARM         6.43

Mortgage Equity Interest Rates
$30K HELOC              5.62
$50k HELOC              5.00
$30k Home Equity      7.63
$50k Home Equity      7.42
$75k Home Equity      7.47

Auto Loan Interest Rates
36 month new auto loan 6.67
48 month new auto loan 6.80
60 month new auto loan 6.80
72 month auto loan loan 7.10
36 month used auto loan 7.20

Related Articles

Webmasters: Free Credit Content for Your Website!

Multiple ways to use our financial content:

*) You can use our RSS Feeds for automatic insertion and updates

*) You can simply link to this article

Copyright CreditFederal.Com long term bad credit personal loan with monthly payments, no credit check pre-approved credit card, free debt settlement.