Is a Cheap Unsecured Loan Really Cheap?
The word cheap can often be miss-guiding and one must understand the finer details of any loan application. No loan is cheap, although it may be cheaper than paying several smaller debts that are not consolidated by a secured loan. Remember all low cost unsecured loans can carry associated costs:- • Interest rate (APR) • Early repayment fees • Loan arrangement fees • Loan Insurance • Annual fees If I was to find the cheapest unsecured loan; what may I use it for:- • Home improvements. • Consolidate debts. • Buy a new car. • Pay off credit card debts. • Luxury holiday. • Pay off Store card debts.
