Personal loans advices

I have always maintained that you should get into a loan situation only if you know how you would pay the installment when fifty percent of the loan time is past and you still have enough savings for your pension [or maintain your old age].

If you are comfortable with that, then your second priority should be looking out for secured loans. There is no point going for a shady deal just because it is offering you a great looking rate of interest. There are more scamsters out there giving personal loans than those you would not part with their money for any less.

Same goes for mortgages, no point putting your hard earned asset against something which is paying you more than it is worth. It would always be better to get some less money against it than not getting anything back.