Avoid bad loans

BookValue
The 250 Questions You Should Ask to Get Out of Debt
David and Marcia Rye
( http://www.vivagroupindia.com/)

Get control over your spending habits

Avoiding bad loans is the focus of one of the chapters in The 250 Questions You Should Ask to Get Out of Debt, by David and Marcia Rye. A bad loan, as the authors explain, has interest rates that exceed the prevailing rates by 20 per cent or more and loan terms that include unreasonable late payment penalties, prepayment penalties, or loan costs.

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