16 Tips about Borrowing

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STEP 1 – Make sure you can afford it; you have to pay it back. Look at your monthly budget carefully before borrowing. You need to have a good idea...
STEP 2 – Shop around – Interest is represented in various ways. Do your homework. While it might not be the most interesting way to spend your...
STEP 3 – Duration – A short term is better. A longer term loan usually leads to a more appealing, smaller repayment every month. However, if you...
STEP 4 – Financial planning – Focus on it. Money is one of the important elements of living. To ensure that you get the best out of it, plan your...
STEP 5 – Juggling debt is a definite no. You may have overestimated your ability to pay back a loan and may find it difficult to keep up with...
STEP 6 – Pay attention to the type of loan you receive. There are loans and then there are bad loans. You should evaluate the expense that you are...
STEP 7 – Read every word in the loan document. Once you have made up your mind for a particular loan, check the fine print in the application form....
Americans are still reasonably parochial. They'd rather make a bad loan in Texas than a good loan in Brazil.
Let us all be happy and live within our means, even if we have to borrow the money to do it with.
Be cautious when borrowing against the "equity" in your home. If you have property valued at $300,000 and you owe $100,000 on your mortgage, your...
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