Chris Bailey seconded an earlier note about the misleading nature of Apple's "low-cost loan" sales pitch: "Regarding your story on MacInTouch (1/25/02): I, too, applied for an Instant Loan to buy one of the new iMacs. I was surprised to see that my loan was approved, but at 14.99%. When I called MBNA to see why I had been given the higher rate - as far as I knew, my credit history was excellent - the rep said that the 9.99% loan is only for the 'cream' of the borrowing community - people with 30-year loan histories and excellent credit ratings. He said, in fact, he would have been more surprised if I *had* gotten the 9.99% rate." Ron.
Thanks for the info Ron. I think I will pass on this one, anything higher than 9.99 is not what I am looking for. And considering prime is so low, even 9.99 is high these days.
