Answer
A 60-day $100 loan from a personal finance company will have the highest rate. It is relatively high risk and the loan size is very small, so costs are high compared to loan size. There is no collateral offered so it is quite risky.
Work Step by Step
This is an important reason for why people manage their credit. Those with bad credit who cannot borrow from a bank go to personal finance companies. These finance companies charge a much larger interest rate than a bank.
