So, {{contact.first_name}}, you’re looking to borrow some cash to make that life changing purchase.
Maybe it’s a new car, a workspace, a fancy toolkit, or even a house…
Well, before you rush into the lenders office pen at the ready, take a look at these tips for responsible borrowing:
1) Investigate your options, research what offers are available, and get advice.
Perhaps you need the loan quickly and you feel like there’s no time – but the wrong decision can have you paying for years in the future.
To avoid this, always find out the total amount you’ll have to repay when borrowing.
A shorter repayment period may beat a slightly lower Annual Percentage Rate (APR) amount.
2) Learn the difference between secured and unsecured loans.
With a secured loan you can lose your home if you don't consistently make payments.
And no one wants that!
That’s why budget is key.
Make a budget to ensure you’ll be able to afford making payments.
3) Watch out for interest free deals.
They seem great, but are only interest free if you pay them off within a certain time period.
If you don't pay them off in time, the interest rate goes through the roof!
It's a dog eat dog world out there, so avoid the loan sharks and come out to see us.
We will give you the assistance you need, without the shady hidden fees ;)
