Credit or loans?

Borrowing money is like having a genie in a bottle that can grant you your heart’s desires. It’s the magic wand that can help you turn your dreams into tangible realities. Just close your eyes and imagine finally starting that business you’ve always talked about.

You can see yourself working tirelessly, pouring your heart and soul into building something you’re proud of. With borrowing money, that vision can become a reality.

But, like with any magic, there’s a catch. Borrowing money comes with great responsibility. It’s like being handed a powerful tool that can shape your future for the better or, the worse. You must use it wisely, with caution and forethought. You must pay back the funds, along with interest and fees, and make sure that the loan doesn’t become a burden that prevents you from reaching your other financial goals.

Swiping or signing, what’s the best way to borrow money?

The path you choose, Loan or Credit Card, will depend on your unique financial circumstances and requirements. 

Loans offer a hand for big-ticket items or expenses that you’d like to repay in a more relaxed manner, with a fixed or adjustable interest rate. On the other hand, credit cards are the perfect partner for smaller purchases or short-term expenses that you plan to pay off promptly. If you don’t pay off the balance in full, a variable interest rate will apply. And let’s not forget the added perks of rewards, cashback, and other bonuses that come with using credit cards.