Capital Direct Lending
Capital Direct Lending Corp. Bait and Switch Interest Rates

We were interested in the home equity loans offered. We have a house that is payed down over the years and we're looking to get some equity cash to do some renovations. The site shows the going interest rates and examples of payments around 8. X%. We're not in a bad financial or credit state so we figured this would be realistic and would make sense.

When my wife went to talk to the representative about the details. He revealed we would be looking at a 24.99% interest rate and a payment of close to $300/month. Yeah right, I'm glad my wife isn't gullible. I have a credit card with a horrible interest rate, but it is still way better than this equity loan. Why would I trade equity for a loan that has a higher interest rate than my credit card? I didn't have to trade ANYTHING for my credit card. I hope nobody falls for this.

Company: Capital Direct Lending
Country: USA
Site: capitaldirect.ca

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