• An individual has a keen $8,000 balance having an effective % appeal on a single charge card and you may an excellent $eight,100 harmony that have % interest rate to your another. A P2P lender is willing to lend your $sixteen,100 for 5 years during the mortgage loan out of a dozen% in addition to good 5% payment up front. The latest Apr of the loan try %, that’s lower than the interest rate on both playing cards. Thus, they can make use of this mortgage to repay his bank card debt during the a somewhat straight down rate of interest. Ler mais