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Loans, Mortgages and Credit Cards. Best Buy tables can be misleading! Page 2

Now take credit cards. Which is the better deal -

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Cahoots card charging an attractive 11.9% or HSBC's at 13.9%? The answer is that it depends on how you use your card! Cahoot charge interest right up to the date they receive payment whereas HSBC only charge interest { life insurance specialists }to the date the bill is produced. The result is that if you regularly paid off your bill, HSBC would be cheaper!!

So what is the lesson to be learnt? Lenders are in the market to make profit and you can bet that if on the surface, a loan, mortgage or credit card looks really cheap, there's going to be a catch somewhere - some angle through which the lender gets more money back.

In our view there's no such thing as "A Best in Market". { life insurance, great articles } What's best for you will depend on your personal circumstances and how you want to operate the finance. So by all means look at the "Best Buy" tables but do so with a pinch of scepticism and a healthy regard for the small print! The problem is that most people are not sufficiently experienced to sort out the small print - so our advice is that when considering { mortgage trail } a significant financial purchase, use a broker. This does not necessarily mean that you'll have a brokerage fee to pay, many of the brokers work off the commission they receive from the lenders, and their experience could save you a packet.

All the best financial brokers have web sites so our advice is stay online and let your fingers do the searching!