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Should I consider a personal loan?
Before you apply for any loan it is important to ensure that the amount you request is really
needed. Although it may seem obvious it is important to limit the level of your borrowing.
Paying off debt can be very expensive and the required repayments mean part of your future
income is unavailable to use for other purposes, such as investing for your future needs.
In order to keep the overall level of debt under control, it is sometimes wise to consider
using any savings you may have towards the purchase. It is unlikely that the investment return
available from your savings will exceed the rate of interest charged on a personal loan.
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