My credit card bill is killing me. I'm thinking of ways to settle it as soon as possible so as not to incur more interest. Since credit cards have higher interest rates, getting a loan with a lower interest rate could be a quick solution. There are banks offering unsecured loans. This means you don't have to worry about collaterals. These are different from homeowner loans which needs to be backed-up by collaterals.
As interest rates, repayments periods, and other terms of each personal loan varies from lender to lender, it is important to find the best loan that will fit your needs. You can browse through several loan providers and Compare loans based on what they have to offer. Check the interest rate, repayment period, penalties, terms and conditions and all those in fine print.
I'm looking for a personal loan that gives upfront cash of at least up to 2 times my monthly salary, with low interest (al least lower than that of the credit card) and minimum or no prepayment penalty.
2 comments:
Do nothing in desperation. Do your homework first and ask questions. Don't let credit debt rule you. And don't get all funked out about, take small steps, Make a plan and stick to it. Keep the faith!
Love,
Babz
Well I think unsecured loans are a good option. But of course, it's best if you analyze all the options that are available.
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