are many expenses incurred on a day-to-day basis and each one
is most suited to a specific financing option. it is up to you
to decide which form of finance you should use for each expense.
most common financing options include:
Loans (Secured & Unsecured)
is generally used for smaller items in todays economy and is
slowly being replaced by credit cards. Many transactions, however
are not large enough for credit cards and the fee would be too
much to cover any profit the seller would make on the transaction.
cards are the most popular form of finance for medium
to large expenses including electrical goods, restarant bills
and other expenses of this size. Sometimes you may need to
pay a bill that can't be paid for by credit card but isn't
big enough to take out a secured loan. Many people use payday
loans for such an occassion, especially if they need cah
loans fall into two types, the unsecured
loan and the secured loan.
The unsecured loan is, as it's name suggests, not secured
on anything and so most people over 18 can apply for this
type of loan. The secured personal loan is, however, secured
on your home and as such is only available to homeowners