How You Get Trapped In High Interest Loans 2
Why Finance Companies Don’t Talk About Their Rate of Interest in Advertisements
Ah, finance companies, those elusive entities that we all depend on for our financial well-being, yet never quite understand. These companies are always eager to advertise their products and services, but have you ever noticed something strange? They never talk about their rate of interest!
You might think that this is just an oversight, but let us tell you, it’s not. In fact, there are some very good reasons why finance companies don’t talk about their rate of interest in advertisements.
Reason 1: They Want to Keep You in the Dark
Finance companies are like magicians. They love to perform their magic tricks and make you believe that they are doing something amazing. But, if you look too closely, you’ll realize that it’s just sleight of hand. And, that’s exactly what they’re doing when they don’t disclose their rates of interest.
They want to keep you in the dark, so that you don’t realize that you’re paying a higher rate of interest than you should be. They know that if you knew the real rate of interest, you’d take your business elsewhere. So, they keep it hidden, like a dirty little secret.
Reason 2: They Want to Appear Competitive
Let’s face it, finance companies are in a very competitive market. There are many players, and they all want a piece of the pie. That’s why they want to appear as competitive as possible. And, one way to do that is to avoid talking about their rates of interest.
By not disclosing their rates, they can make it appear as if their rates are competitive. They can make it seem like they’re offering you a great deal, even if they’re not. It’s a clever little trick, but one that works all too well.
Reason 3: They Want to Make It Harder for You to Compare
Finance companies don’t want you to compare their rates of interest to those of their competitors. They know that if you did, you’d realize that their rates are higher than they should be. So, they make it harder for you to compare.
By not disclosing their rates, they force you to do some digging. You have to visit their website, call them, or even visit a branch to find out their rates. And, by the time you’ve done all that, you might have already decided to go with them, even if their rates aren’t the best.
Reason 4: They Want to Take Advantage of Your Desperation
Let’s face it, we all have times when we’re a little desperate for cash. Maybe we need to pay a bill, fix the car, or take care of an emergency. And, finance companies know this. They know that when you’re desperate, you’re willing to pay more for the money you need.
That’s why they don’t talk about their rates of interest. They want to take advantage of your desperation and charge you more than they should. It’s a dirty trick, but one that works all too well.
Conclusion
How You Get Trapped In High Interest Loans 2
So, there you have it. The reasons why finance companies don’t talk about their rates of interest in advertisements. It’s a clever little trick that they use to keep you in the dark, appear competitive, make it harder for you to compare, and take advantage of your desperation.
But, don’t worry, you don’t have to fall for their tricks. You can still find the best rates of interest by doing a little research. Use comparison websites, read reviews, and talk to your friends and family. With a little effort, you can find the finance company that offers you the best deal.
Disclaimer : This post is just for awareness purpose taken from different sources and Google.Follow anything at your own risk.