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.