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Sunday, April 20, 2008
Personal Loans and Credit Cards
Some people will even use credit cards to pay for things like a mortgage or car payment if they are low on cash. They mistakenly believe that this postpones the payment and saves them time. Instead, this is usually a costly mistake and ends up costing the borrower much more than they should have to pay. It is important to understand the difference between secured and unsecured loans so that you do not fall into the trap of paying more than you should for interest.
If you are in the market for a loan, you should compare loans before you sign on the dotted line. There are many websites available where you can do this for free. Since the economy is still in a questionable state, it is important to cut costs wherever you can. I recommend visiting sites like http://www.thriftyscot.co.uk/ so that you can get all the information you need to make the right choice for you.