Drug testing

Different Ways to Borrow Money

There are many different ways to borrow money. Outlined below is a useful guide to some of most common ways of borrowing money.


There are many loan companies offering to lend you money. They will check your credit worthiness and may offer you a secured loan or an unsecured loan.

A secured loan means that you undertake to give the lender property you own if you do not keep up the repayments. In return, you usually get a lower APR and longer repayment period. An unsecured loan costs more in repayments but does not carry all the risks of a secured loan.


Your bank might allow you to overdraw - that is, borrow from the bank by taking out more money than you currently have in your account.

You will be charged interest on your overdraft and possibly a fee as well. If you go over the overdraft limit set by the bank, you will have to pay a lot more.

Check what the bank charges for overdrafts and try hard not to go over your limit. If you do need to borrow and cannot repay the amount very quickly, you might be better off with a bank loan.

Always check the bank's interest rate and other charges.

Credit cards

Using a credit card to buy things means that you do not have to pay right away. Each time you use a credit card, you sign a slip of paper (or type in your PIN) to say that you agree to the cost of your purchase being added to your credit card account.

You will get a bill from the credit card company at the end of every month listing all the things you have bought. With most cards, if you clear the balance in full before the date given, you will not have to pay any interest.

Be very careful when using a credit card. Small purchases mount up very quickly - keep a record of what you spend. If you spend more than you really mean to and can't pay it all back in time, you will be charged interest.

Take great care of your card. If it is lost or stolen, report it immediately.

You may freely reprint this article provided the author's biography remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.

limousine chicago service
In The News:

Dont Trade Your Future for Todays DooDads

"Easy Low Down Monthly Payment," "Buy Now Pay Later," "You... Read More

The Advantages of Credit Cards

There are many evils associated with credit cards, but there... Read More

Credit Cards

Credit cards are a form of unsecured credit. The issuer... Read More

How to Deal with Hire Purchase Debt

WHAT IS HIRE PURCHASE/CONDITIONAL SALE?Although people often talk about "buying... Read More

SuperCharged Secret 1 of 5 - Credit Card Utopia


Reward Credit Cards: Get the Best Rewards Card Incentive Program

A good credit reward card can contribute to your retirement... Read More

Your Credit Rating and How To Check It

There is a lot of confusion surrounding UK credit ratings,... Read More

How Businesss Mess Up Their Credit Policies

In "Become the Squeaky Wheel" a book recently published, Michelle... Read More

10 Ways To Boost Your Credit Score

1. Deleting Errors in 48 HoursThis is the absolute fastest... Read More

What is Credit Repair and How Can It Help You?

There are millions of consumer credit reports on file from... Read More

Avoiding College Credit Card Traps

Congratulations college freshman! You're about to embark on one of... Read More

Can Credit Search Entries Affect Your Ability to get Approved for a New Loan in the UK?

About Search Entries:Every time a lender checks your credit history... Read More

Bounced Checks - Straight Talk On Dealing With Bad Checks (NSF)

A check can be considered bad if it is bogus... Read More

How To Protect Yourself Against Credit Card Fraud

In the high tech world of today, credit card fraud... Read More

How a Credit Card Can Be Your Friend

We have all heard countless stories of people over their... Read More

Different Types of Credit Cards and Features - Part 1

Just as there are too many credit card companies to... Read More

Credit Report Hassles

There is no end to the amount of pain that... Read More

When You Are Eligible For A Free Credit Report

By Federal law, you are entitled to one free credit... Read More

Manage Your Credit Wisely

Getting your first credit card is a big deal and... Read More

Credit Card Expenses Are Killing Your Budget!

Do you know the costs associated with your credit card?... Read More

Finance - Money, Money

Finance is a big word for some of us. It's... Read More

Saving Money: Quick Cash, High Cost

I didn't think it was possible. But it is. Folks,... Read More

Identity Theft Exploding: Here?s How You Can Avoid Becoming A Victim

Americans are more concerned about identity theft than unemployment or... Read More

What is Credit Counselling?

Ever wondered what is Credit Counselling? There are occasions when... Read More

How to Dispute Credit Report Errors

Your credit report--a type of consumer report--contains information about where... Read More

solar led parking lot lights street light gallery Pete's produce ..