Loans to Avoid

Chapter 7 lists ways to get into even more trouble when you are in financial difficulty. Described there are a number of types of loans that you should avoid, even if you have pressing debts:

• ● Payday loans;
• ● Auto title pawns;
• ● High cost installment loans and other high cost small loans;
• ● Disadvantageous refinancing and consolidation loans;
• ● Tax time loans;
• ● Overdraft loans;
• ● Subprime credit cards.