Do your homework, if the number stacks up, don’t hesitate to borrow.
Personal loan comparison, and a bit of personal views.
It is called playing with other people’s money, and in the rich world they call it leveraging.
Are you using leveraging in your small business? I mean small loans and short term loans, borrow money purchasing an item and reselling at a good profit.
As an example look at the property purchase – where we all using leverage.
If you purchase a house for $500,000, you put in hundred thousand of your own money, and you sell the property for $600,000. You have just doubled your money, got the hundred percent return on investment – well done.
For myself I do this leveraged on repairable motor vehicles, (see another website at www.gcauto.com.au) purchasing auction cars, repairing and selling. You can pick up a nice late model damaged car for $1,000, maybe spending $2000 in good repair, service and make over – and you most probably have a $6000 car to put on the market.
In both scenarios we made 100% interest on all our investments, so, with that we can easely see that paying 15% credit card interest isn’t too bad for well managed money. And that’s the catch, are your borrowing for good credit or for bad credit? Never borrow money for your own personal consumption, save money and purchase consumer items when you can afford it.
On the contrary, if you have a good business idea, you have done your homework and see that there’s profit in the transaction, then you should never hesitate to take a low and proceed with the business.
Likewise, if you are paying high interest, or in other ways have bad loans, or maybe credit rating damaging loans, then it could also be a good idea to refinance with a fresh loan.
Personal loans come in all shapes and sizes. Compare some of the latest personal loan offers in the table on this website, (smh.com.au/personal-loans) try the quick and simple comparison tools. Filter and compare on the features you want and find the right personal loan to fit your needs.
Or is it MCB Finance Australia Pty Ltd, a great international financing company have now been available in Australia for a couple of years. Trading as Credit24 Australia which is a recognised and trusted brand through many European markets, and is proudly providing service for over 700,000 customers.
An online credit application will only take you a few minutes, I suggest you put in your application and see how you go – your can always delay the loan until you have your business deals organised.
As Credit24 puts it;
It is with this breadth of knowledge and experience that credit 24 Australia offers personal loans of up to $5000.00 with easy repayment terms from 6 to 24 months. We are 100% online and our application is fast, we would give you an answer right away!
So what are you waiting for? Give these people a call today, at least you have the knowledge, the peace of mind, of knowing that you’re qualified if needed.
All the best my friends, and cheers to your successful financial management.
Invest well, trade well – and you too can make 100% return on other people’s money.
To a happy, healthy & Wealthy life!