Today I had offer from HSBC for cash loan. I have no choice since my budget is quite tough and tight. If I didn't take the loan, some of my commitment to pay every month cannot be paid. So to resolve this problem I have to take this loan. I know the interest is a little bit high but cheaper than from card credit. What I want to settle also is card credit balance. Some of the my credit card will be charged at 17% and if I m not settle on time another 1% will be charged. I have to wait for my overtime money to come to clear some of outstanding balance. I like to clear with high interest first and followed by the lower balance. Salary just enough for certain payments.
If possible i don't want to take loan. But i have no cash to clear the remaining balance. No choice...The evil of debts. If we accumulate too much then the disaster is waiting to happen anytime if not manage properly.
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