High-Interest Installment Loans: Guides & Legal Options

At 90–299% APR, 80–95% of your early payments go to interest — not principal. This section explains how these loans are designed, the realistic ways out, and exactly what Elastic, NetCredit, Rise, and Possible Finance do when payments stop.

80–95%

Of early payments at 150%+ APR that go to interest, not principal

$15M

2023 CFPB order against Enova (NetCredit parent) — unauthorized ACH debits

20–40%

Typical lump-sum settlement range once debt reaches third-party buyers

💡 Not sure where to start? If your balance feels frozen, start with the amortization guide. If you want to understand all your exit options, read the get-out guide. If you've already stopped paying or are about to, read the stop-paying guide first.

Core guides

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Understand the math

Why Your Loan Balance Isn't Going Down — And How to Escape It

Front-loaded amortization, origination fee stacking, precomputed vs. simple interest, and the fee-based LOC trap. Includes amortization calculator slot.

Read guide →

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Exit strategy

High-Interest Installment Loans: How to Get Out

All six exit paths compared: refinance, credit union PALs at 28% APR, settlement, hardship programs, aggressive payoff, and nonprofit DMP.

Read guide →

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