Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (BMV: FINDEP; OTC: FNCRY), ("Findep" or the "Company") a leading Mexican microfinance lender of personal loans to lower income segment individuals and working capital loans through group ... In ... Financiera Independencia Reports 2Q12 Results
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More 1500 loan - Without any apprehension TopicsQuestion by mikltk: Which is better compounding interest credit cards or simple interest personal loans? I have $ 1500 at 14.9% (assume making minimum payment $ 50 per month) and $ 1800 at 23.99% (making a minimum of $ 50 payment) both of those are the APR for lines of credit. In the interest of paying less overall on bills, I am assessing the viability of consolidating to a simple interest personal loan at 30%. Assuming $ 300 is spent per month to pay debts and the two minimum conditions are met but I optimize my payments to minimize paid interest, would I spend more money paying the two independent, compounded interest debts or a single $ 3300 personal loan on simple interest with $ 300 monthly payments? I am not paying $ 100 for the compounded and $ 300 on the simple, I am paying a minimum of $ 50 to each account and dividing the remaining $ 200 to strategically minimize my total interest accrued so I might pay a total of $ 225 to one and $ 75 to the other if that is how I can most efficiently spend the $ 300. But the simple account will get a $ 300 payment every month regardless. Hope that helps make that make more sense Best answer for Which is better compounding interest credit cards or simple interest personal loans?: [personal loans 1500 or more]
