FINANCE
Quick Loans Hide Their True Cost
The final APR is often 50 points higher than quoted.
The Convenience Fee Isn't Interest
Lenders use automated underwriting for speed. But this process often bundles a fee that isn't always disclosed upfront.
The Origination Fee Trap
Many deduct a 1-8% origination fee from your funds, which can raise your effective APR by 20-50 points.
Compare Total Loan Costs
The full report analyzes APR, origination fees, and penalties for the top 7 online lenders.
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