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05-14-2008, 09:16 PM

PrettyBoyStuntz

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quick question

How much interest do you think is fair to charge for an 8500 personal loan that someone has continually racking up the dollar amounts over the past 4 years... Seriously a fair amount not something stupid crazy

05-14-2008, 09:21 PM

50Outlaw

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Re: quick question

i would say $500 to 1000

05-14-2008, 09:46 PM

Sogan

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Re: quick question

literally $8,500 holy **** someone needs to pay up

05-14-2008, 09:46 PM

SCOTT_Chychul

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Re: quick question

15 - 25%

05-14-2008, 09:48 PM

Sogan

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Re: quick question

i dont know tho, if hes not even going to pay up on the original money its going to be almost impossible to get him to pay extra even tho i do agree on the interest

05-14-2008, 09:54 PM

LRMzx636

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Re: quick question

I would say if its someone you are on good terms with a reasonable rate of interest should apply annually... if you're talking a few years... 10% over 4 years would be a healthy interest rate.

If I could give someone $850 a year for $8500 I would be in great shape!