You can’t get everything you point to, I learned from my mother as we walked around the stores in my childhood. Because even if you want something, it is not at all certain that you can actually afford to buy it. But if there is something you absolutely must have or want to treat, then consumer loans can be a useful solution when shopping. However, there is a rule that you always have to remember – you should never buy something you can’t really afford.
So much will a consumer loan cost you
If, for example, you need a new bike because the previous one was rammed or stolen, and otherwise you do not get to work, it is of course a reasonable investment. But maybe you do not have 7,000 dollars to spend on a bicycle, and over time repayment will be a favorable alternative. Then you can buy the bike immediately, as many offer loans during the day, but for example pay it off over 6 months. Of course, it will cost you extra money in interest and fees, but it doesn’t necessarily have to be big sums for a small loan that is paid off in a relatively short time.
Shopping and loans
The unique thing here is that you can apply directly in the online store for a loan to finance what you buy. Fill up your shopping cart with a new flat screen, washing machine and a new phone – and when you check out, you just choose to have a monthly installment loan for what you’ve been shopping for. For those who are poor at saving and do not mind paying a little extra for shopping, this is a very good option.
Worth thinking about
Initially, we mentioned the golden rule for consumer loans that everyone should keep in mind, namely that you don’t buy things you can’t really afford. Remember that the loan is actually repayable, and you must therefore have prepared in advance an overview where you actually see that you can pay the monthly amount. Also, do not take up many loans at a time, as it can be done quickly to lose track of your schedule so that you act in arrears. And even small loans can quickly grow extremely expensive!