We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Personal loans
financemanager
Posts: 1 Newbie
in Loans
These unsecured personal loans are difficult to avail. Since it is not guaranteed by any assets or collateral the risk of the lender's are much higher, therefore the lender lets you pay much higher interest. It may be good at time but avoiding personal loans will be much wiser. Try to explore on mortgage or home equity loans. It has definitely lower interest rate than personal loans.
In case you already have decided to get a personal loan, make sure you study and research more, compare different lender options(if any). Also, personal loans have less negotiation but try to negotiate more to get optimal results with the interest rate. Most importantly, pay on time! Aside from it gives you a good credit rating it will also save you from different late fee penalties.
In case you already have decided to get a personal loan, make sure you study and research more, compare different lender options(if any). Also, personal loans have less negotiation but try to negotiate more to get optimal results with the interest rate. Most importantly, pay on time! Aside from it gives you a good credit rating it will also save you from different late fee penalties.
0
Comments
-
Thanks for those badly put gems spambot."We want the finest wines available to humanity, we want them here, and we want them now!"0
This discussion has been closed.
Categories
- All Categories
- 347.2K Banking & Borrowing
- 251.6K Reduce Debt & Boost Income
- 451.8K Spending & Discounts
- 239.4K Work, Benefits & Business
- 615.3K Mortgages, Homes & Bills
- 175.1K Life & Family
- 252.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards