Hi experienced seniors please explain pros and cons of this offer. Is it worth it?
These types of debts are very difficult to maintain.
Iād avoid.
1 Like
It really depends how well you invest the money but make sure to consider the fact that your disbursements are going to be lower with 8-25%, if not managed well, your cashflow will be suffering a bit.
1 Like
Thanks for the info. Usually their cost of borrowing is lump sump payment or interest cost based on loan amount.
In my case, the repayment plan was interest cost-based, and the total amount was split into equal installments. I was paying by direct debit every two weeks.
Are you going take any loan from them?
1 Like
I am looking into but depends on cost of borrowing.
The interest is often way higher than from your local bank. Also, this type is very difficult with accounting.