Whether you are applying for a credit card, loan, or bank overdraft:
Take home the contract and read it carefully, ask a solicitor or an accountant for advise.
Contracts can be confusing and you should never sign on the spot.
Remember the loan institution is a money making business.
Ask yourself why you need this money?
Can you afford the repayments even if a down turn in the economic climate happens tomorrow?
What if you loose your job?
What if you are sick?
Do you have insurance for sickness?
What collateral is required?
Tuesday, March 9, 2010
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