July 08, 2007

Experts say that credit cards and store cards may not be a better option as compared to fast unsecured loans. A study from Alliance & Leicester points out that Brits like credit cards because they value the 'convenience' associated with these cards over the price involved. However, experts say that fast unsecured loans can be equally convenient and quick to get, saving you a lot of money.

The easy-to-use and convenient plastic money is an expensive option. But, despite that, a majority of shoppers are continuing to use expensive store cards for making purchases. Store cards make your shopping very easy as you do not have to carry any cash.

Unsecured loan is the nearest possible option against plastic money. Though they are not as convenient as store cards or credit cards but they involve very less rate of interest.

Richard Al-Dabbagh, senior personal loans manager at Alliance & Leicester, stated: "Anyone who is paying over the odds for large purchases on costly store cards or expensive dealer finance, should look at how much they could save by moving to a low-rate personal loan."

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