5 Signs a Loan Might Not Be the Best Fit (Even If It Looks “Easy”)
A few years ago, I watched a friend sign for a loan that seemed too convenient to question. The application took minutes, the approval came almost instantly, and the funds were deposited into their account the very next day. At the time, it felt like a lifesaver. But over the following months, the “easy” loan revealed its hidden costs—high interest rates, stiff penalties for small delays, and a repayment plan that didn’t leave room to breathe.