Harrisburg University Economics Professor Dr. Pavlo Buryi recently participated in a Wallet Hub question-and-answer article regarding personal loans.
When asked to state why personal loan rates are lower than that of credit cards on average, Buryi notes that, “There are several reasons why credit cards have higher interest rates compared to personal loans. These reasons could be grouped into two broad categories. The reasons that affect the demand or the customers and those that affect the supply or the financial institutions.”
To view the article, click here.
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