Decoration loan: Regular monthly repayment can form the habit of compulsory savings, so as to avoid the illusion of credit card, and you can use some credit card fees every month. In fact, you will eventually find that the loan will get you out of your misery as soon as possible! Generally speaking, decoration loans have low interest, simple procedures and easy operation. Credit cards are expensive and cumbersome to operate. Specific or to personal circumstances and needs to judge.
Decoration loan is more cost-effective! Ten thousand dollars a month's interest is about 28 yuan! Different cities may be different, of course, it is also related to personal credit information! If the credit card is 0.55, the monthly handling fee is 1 100. The advantage is that you don't have to pay back the principal, but you can pay back the extra money in your hand. The disadvantage is that the handling fee is relatively high, and there is also the suspicion that the card will be blocked to reduce the amount. If you don't make a good capital plan, you will still be in debt of 200 thousand after five years.
After a year of loan, you can feel at ease. The trouble is that the principal needs to be repaid after one year. It is better to cash out the loan directly with a credit card after financing. To put it bluntly, if you have a house under your name and need renovation funds, go to the bank for a loan. Decoration loan is just one of the specific product names launched by banks. In the final analysis, you still have credit. Pay attention to one question when going back and forth. Generally, decoration loans are limited in use, such as MCC, and you should be inspected by the bank at any time. Yes, cash flow is very important. There are certain risks in cashing credit cards, which are easy to be blocked or reduced. Installment loan decoration is good. I have the ability to repay the money the day before yesterday and do what I can according to the situation.