As banks across the world crack down on lending practices and keep their rates high, it is getting more difficult for consumers to find a low interest loan. Although those with good credit are still having some luck, everyone else is finding that getting a low interest loan is next to impossible. Experts have some advice for these consumers, and some techniques that may help them get a better low interest loan.John Symund, the CEO of Aussie Home Loans stated, “Despite the recent rate rises, now is a great time to take advantage of the red-hot competition among lenders and credit card providers as they try to maintain their market share. Credit card holders are wasting thousands of dollars by sticking with multiple or high-interest credit and store cards, instead of consolidating their debts into a low-rate personal loan and/or credit card.”He continued, “These small steps can really help out people who are intimidated and feeling the pain of higher funding costs. Credit card holders are wasting thousands of dollars by sticking with multiple or high-interest credit and store cards, instead of consolidating their debts into a low-rate personal loan and/or credit card.”
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