The Total Cost of Borrowing

With banks advertising make it happen loans and Christmas and Carnival only a few short months away... loan season is approaching. So I thought it would be a good idea to talk about the total cost of borrowing.

You probably think that the cost of borrowing is the interest rate... well it's actually a bit more than that. Have a read and you may find that taking a loan is more expensive than you think.

http://www.helium.com/items/1383845-the-total-cost-of-borrowing-money