Who has not, it starts over with a car dealer hp car or a nice flat and you think who that great if I could afford it but I can not find the wherewithal. Remedy as loans. These are lending money with an institution or a private person. The difference is mostly in the fact that you have to pay interest to the Institute, with a friend usually does not. When personal loan there are a lot of smaller sums.
However, if you at a bank or savings bank gets a loan must be repaid within such a period, plus the required interest. The repayment is done in monthly installments, which can be determined either by itself or be required by each institution. There are many types of loans, there would be one of the construction loan, car loan or personal loan. Even a hire-purchase is a form of the loan. There are of course other forms of credit, the most important have been mentioned. Pay attention to the consumer, however, at low interest rate which banks make promises like advertising. At Interest, a distinction between nominal interest rate and APR.
The latter is the one you really need to pay and is above the nominal rate. The banks, however, like to advertise with the nominal interest rate, then the surprise comes, however, only before making the signature. Reference should be trusted and reputable banks and savings banks always ask for the APR. As you can see is the topic of credit one thing for themselves. Make no mistake should be to consult an independent financial adviser or obtain at the Bank of confidence, the necessary information and thoroughly discussed.