Financial gurus often caution against racking up unnecessary debt and encourage paying off current debt quickly. If you follow this advice, you are probably someone who has debt under control and treads carefully when considering new debt.

People talk of good debt and bad debt and some strongly feel that there is no such thing as good debt. Whichever argument you lean toward, there is no mistaking that sometimes debt is inevitable, and sometimes it may even be a good idea.

In the days before the Internet, applying for a loan was a long, involved and not to mention an expensive process. It was difficult to compare loan rates, hard to find information about your proposed lender and the application process could run to many pages, with one mistake meaning you had to restart the whole thing!

Nowadays, you can easily compare rates from hundreds of organisations, use a personal loan calculator to see how much the monthly payments are going to be and if you are in need of quick finance, get a decision within minutes! You can even apply 24/7 as websites are never closed.