[Money & Business] 5 Worst Possible Ways You Can Borrow Money

August 8, 2017
00:0000:00

In this clip from our show 'Believe', we help you with “Money & Business.“

“5 Worst Possible Ways You Can Borrow Money”

• Payday loans are the worst ways you can borrow money. These loans can charge high fees and interest rates.

• As long as you own a car that still has value, you could be eligible for a Title Loan but could lead you to losing your car if you are unable to repay the loan

• Avoid cash advances from credit cards, as interest rates on these can be as high as 25 percent.

• Reverse Mortgages are not good loans because when the borrower dies or sells, the full payout is required.

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