Sunday, July 29, 2007

All about Loans!

It is absolutely impossible to make an outright purchase of any big commodity unless you have have been saving it for a long time,but in 95% cases this does not work out.In this constantly changing world it is very difficult to predict what we are going to buy next.The only solution for this problem is by getting an Loan.There are several types of loans like personal loans,Home loans,credit cards ect...

If you are in need of some immediate money for paying off debts,then personal loans is the best solution.But this loans comes with several interest rates and settling down on the correct rate that fits you is very difficult.Home equity loans has quite an fixed interest rates but are very difficult to get and you need to produce an lot of documents in order to get approved,the time span is quite long.I have had some personal experiences with loans.I took a personal loan few months ago for paying off the debts , and i had to pay a large amount of interest for it.It was manageable for few months but due to financial loss i could pay for a span of two months.This was marked as a black mark against me,on other words it prevented me from getting a further loans from that lender! So it is very important that you analyze your position and then select appropriate scheme that fits you perfectly!



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Labels: debts, finance, loans

by siddharth at 10:00 AM |