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Best and Worst options to borrow money - Title loans 2nd from the bottom
#21
In general credit is not a good idea, especially if there is a risk that you may not be able to pay it back.The worst form of credit would be your 401(k) This is your retirement fund and you shouldn't put is at risk for any reason. The fact that you have such a short time to pay the money you borrowed back and the penalties are so high, makes it the worst idea. The best option for borrowing money is the car loan, because if you can't pay it back, they just take the car back. You can always get another loan when your in a much better position, financially.
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#22
Worst Ways to Borrow Money
Okay, you need to borrow to make money, save money, or for an emergency. But before we look at the best ways to do that, here are some of the options you should probably avoid.

A Peer-to-Peer Loan
Borrowing money on social-lending websites like Lending Club and Prosper is included here and on the list of the best ways to borrow because the reason for the loan matters. Interest rates are low only if you have a great credit score, and loan origination fees add up to 5%. For most “good debt” purposes you’ll do better borrowing elsewhere.

Best Ways to Borrow Money
Now that you have been warned away from the more questionable ways to borrow, here are some better options.

A Mortgage Loan
Mortgage loans have some of the lowest interest rates out there. Of course it’s only “good debt” if it makes you richer, and betting on appreciation is speculative, so you might want to buy a home with total expenses that are lower than what your rent would be.
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#23
I think the best option to borrow money is to borrow from a friend or relative. Aside from the fact that you can talk to them when you cannot pay your debt on time, you van always talk about the rate of interest that will be added on your borrowed money. Also, when borrowing or loaning, you should make sure to capitalize it into something that will grow your money or increase your source of income so that paying your debts partially or by installment will not be a problem.
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#24
Non collateral loans are better than the usual property owns, I don't like all that ones that seize your properties and at worse get arrested with it if you can't pay up the loan you took. Payments with properties is the worst option for any type of loan you will loose much.

Non collateral loans are better than the usual property owns, I don't like all that ones that seize your properties and at worse get arrested with it if you can't pay up the loan you took. Payments with properties is the worst option for any type of loan you will loose much.
The best type of loan is the installments ones you pay little by little, no one will disturb you or come seizing your properties instead everything just go down smoothly till you complete your fees, these types of loans are favorable and it suites even the middle and lower class.
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