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Need to borrow money? |
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If you need to borrow money to pay for your insurance, it might be a good idea to take out a loan or get a credit card with a low
introductory rate. Although the insurance companies will often let you pay the premium in installments at a reasonable interest rate, other loan and credit card companies often offer better deals. |
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Loans |
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Getting a loan is the usual approach. Some companies offer very good rates, and you can set up a direct debit to pay the loan off
monthly so you don't have to worry about it. |
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Credit Cards |
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The other option is to take out a loan on a credit card. The credit card companies often offer low interest rates for the first 6
months. Again, you could set up a direct debit to pay the loan off over whatever time you like.If, at the end of 6 months, you still owe money, you can apply for another credit card from a different
company and move your debt to it to take advantage of their 6 month low rate offer. This technique involves a little more hassle, but can be worthwhile. |
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