Why You Should Think Twice Before Borrowing Money

The continuing economic development and rapid modernization of technology, transportation, infrastructure and science have affected the lives of most families. The need to cope with these developments has put a financial strain on individuals thereby leading them to look for other sources of income such as BORROWING money from conventional and alternative lenders. The need…

Understanding Long Term Personal Loan

PERSONAL LOAN is considered to be one of the most accessible and easiest to manage type of a loan that an individual can avail of. Personal loans are usually divided into two general categories namely long term and short term loan. Applying for a long term loan is the better choice basically because the loan…

Understanding Personal Loans

BORROWING cash from conventional and alternative money lenders have now become a common occurrence. Advancement in society is making it difficult for an average earner to cope with the continuing modernization and this is the reason why there is a need for him to come up with subsidiary income other than what he is earning…

What is a Personal Loan

A common type of loan that many individuals avail of is PERSONAL LOAN. What really is a personal loan? According to Business Dictionary (BD), personal loan is a type of BORROWING where an individual is granted a consumer loan specific for personal expenses (medical), family expenses (education), and/or home improvement expenses. The loan is either…

Advantage & Disadvantages of Payday Loans

We have earlier discussed the general benefits derived from availing PAYDAY LOAN. However we are all aware that there are two sides to everything that exist in this realm. Payday loan is no exception. Although, this type of loan is generally beneficial to individuals who have limited access to conventional BORROWING, we cannot deny the…