Holiday Loan For Distributing Holiday Gifts

By Petra Amelia on November 29th, 2007

(1 votes, average: 5 out of 5)

 Loading ...

According to Rocio Ceastruita, a credit counselor, advertisements for loans can be seen all the time but especially during the holidays, she said “If you borrow a $1, 40 percent means that you have to pay 40 cents in addition to the dollar.” People generally take loan for their home, car or to fulfill some necessary requirements but loan for distributing gifts is ridiculous. You will definitely feel good to buy gifts for your friends, relatives with the loan money but the truth is you will have to suffer later. We should not blame the loan companies as they are doing what is in demand, Counselors say some of the lowest interest rates come from the bank directly and say it is up to the consumer to look for the low rate of interest and make a budget before purchasing in order to avoid unnecessary expenses.

Read: kfoxtv.com

Share This