*This post is written for MoneyWize*
This headline caught my eyes: Personal Loans Better Than Credit Cards. How is that so? I think it hits me right on the nose. Thinking back, how many times I have splurged on massive “savings” when I bought items during mega sales using my credit cards, only to realize that the interest charged on the accumulated total is way above the actual item’s price before sales..huhu!
I should have known better..sob! Well now that I know (I knew about it, but sometimes the lure of those colorful discount tags blind my judgment), I will be more cautious about my spending habit.
If you are planning to renovate your home, consider taking Secured Loans to cover the renovation expenses. Quoted from the main page,
“Secured are perfect for homeowners, the risk to the lender is less hence the interest rates will be less.The main reason to take out a secure loan would be to make improvements on your home, this would increase your homes value to offset the increased debt.”
This makes sense. Not only you will have a nicer and bigger kitchen, you will increase the market value of your well-renovated home too. I will consider this.
What about additional perks when you apply for car loans? Not only you get to drive your brand new car, you also get free Green Flag Roadside Assistance plus homecare for the lifetime of your loan, and you’ll be entitled to a massive package of lifestyle benefits.
If you have been planning to further studies to graduate or doctorate level, consider personal loans as option to pay for better qualification. Life long learning is an ultimate investment you can make for yourself. Think about it!
