Friday, July 20, 2007

Unsecured personal loans versus credit cards

Suddenly you are met with an urgent financial need, which, if not fulfilled, will hamper your happiness badly. You have already made enough use of credit cards; further utilization of the plastic money will prove to be too expensive. Next viable option is a loan. But you have no collateral to offer. So, is this the end for you? Definitely not; there are unsecured personal loans─ the choice of more than a million in UK. You may think that this method of raising cash has a cost like credit cards. Well, let us compare both the options and find out which one is better. It is a universally acknowledged fact that credit cards carry much higher interest rates than unsecured personal loans. These cards are good for short-time borrowing. If you fail to pay off the bi View the rest of this article


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