Can you help ? -Secured loan Black horse

Apples2

natalie18 wrote: »

it's their interest so nothing really paid off

Ahhh the old "Front Loaded Scam" again is it??

natalie18

step charge can't advise me anymore than I have already have done just confirmed it all

bigadaj

Clive_Woody wrote: »

you're.......

You're a pedantic bunch?

bigadaj

To be serious the moral of the tale is to consider terms of borrowing and rates and possibility of repayment at the time of taking the money. Very large secured loans are rarely a good idea as you obviously lose your property, if it was unsecured then walking awa and defaulting would only trash your credit record for six year.

Your circumstances may have changed but that just reinforces the fact that avoiding debt is a good idea, you continually become a worse risk, making borrowing less likely and more expensive.