Credit Simple NZ
A secured personal loan is a personal loan in which you offer up an asset as collateral, essentially guaranteeing you’ll pay the loan off. If you don’t pay, the lender can take possession of that asset (in this case, known as the security) and sell it off to recoup their money. The most common type of secured personal loan is a car loan, where the car you’re buying is also the asset that secures the loan. Why take out secured…
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Most home loans come with their share of fees. Don’t fret over the length of this list, as you probably won’t be subject to all of them. You may even be able to convince your lender to nix a few. It’s also not an exhaustive list as every lender has its own fee schedule. Important Make sure you understand your lender’s specific fee schedule as it can differ from lender to lender. Without further delay… your list of the most…
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When you get an interest-free loan, it’s always interest-free, right? Wait a second. It’s only interest-free if you toe the line with the terms and conditions of the loan. And research we commissioned has found nearly half (48%) of Kiwis have made the most of deferred interest deals to purchase items with what can be a ‘free’ loan, but even the best intentions of paying off the loan in time can catch some consumers out. While most Kiwis paid off…
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