All tied up?
February 5, 2010 - 11:16 am
A loan constitutes a binding contract between two parties so it is vital that you understand the fine details of the agreement and the small print before signing on the dotted line e.g. period, payments, penalties, particulars such as security, etc. It may be advisable, depending on the size of the loan to consult a lawyer or financial advisor who may be able to understand the intricacies of the agreement. Never allow yourself to be bullied into making a snap decision; pressure to seal the deal immediately is a tactic usually employed by the unscrupulous. Do not be afraid to ask pertinent questions.
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