I have three unsecured loans with BMC Mortgage, all with a variable rate. I can just barely meet the interest only payments every month. If I had a well-paying full time job I'm sure I'd be able to handle the repayments better. I've been paying the interest only for 3 years. I'm grateful that they gave me the loans in the first place, and wish I could repay more than just the interest monthly. They're making a lot of money from me!
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