Loans To Avoid
Be careful what you wish for when it comes to
Loans = Obligation
No matter how small or seemingly easy your loans, you are obliged to follow the rules and repay the loan in the time frame established by your lender. So, know what you are getting into when you apply for personal loans of any kind:
- Read the fine print and see when exactly your
loans are due to be repaid. Even a few hours difference can mean the difference between your success and your utterer failure.
- Know exactly how much that repayment will be worth. Some mortgages come with adjustable rates, as do virtually all home equity loans, so make sure you know when these adjustments occur and how that will affect your monthly dues. With payday loans all you need to know is the fee per unit of money you take out. $20 per $100 you borrow? Thats how much you own on the repayment date.
- Know the consequences of a late repayment and if you have to delay, understand what will happen.
When it comes to