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Sunday, December 7, 2008

Online loans: how well do they work?

Here’s a simple question. The last time you bought a car, did you buy the first one you saw at the first dealer you visited? We think not. The same would probably hold true for the high-definition plasma TV or the latest mobile phone or camera you’ve always wanted. In fact, it’s always a tough call when it comes to spending your money.
Choosing a bank to get a personal loan is no easy task either. Especially in these difficult, cash-strapped times, when you know that every penny you fork out in interest is eventually worth its weight in gold. Your task seems even tougher once you realize that in the personal loan market, what you see is not necessarily what you get. With dozens of banks promising “ready cash” at your doorstep, it’s time-consuming, even confusing, to zero in on the best deal.

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