Is a Personal Loan the best way to consoldate your loan debt?
Is a Personal Loan the best way to consoldate your loan debt? A personal loan from a bank is usually the cheapest way of borrowing money open to most people. Personal loans may be secured or unsecured. With a secured loan the lender has rights over certain property, like a car. An unsecured loan will usually have a higher rate of interest because it is a higher risk loan, which the lender would have more difficulty in recovering if you default on the payments. A personal loan gives you more protection if something goes wrong than a Hire Purchase agreement....