Hi im just looking for advice,
i wanted to get a loan for a car from the credit Union and i originally asked for an amount and the person said i should take it against my shares the rate been 6.5%
What i just want to know is this a good idea as its against most of my savings and i would only have a small amount free, and also how does that work if god forbid i passed away during the loan would my wife still get my savings (shares) and would the loan also be paid ?
or is it best to get it seperate?
Also should i get all the loan rather than say 75% of it any help appreciated,
i wanted to get a loan for a car from the credit Union and i originally asked for an amount and the person said i should take it against my shares the rate been 6.5%
What i just want to know is this a good idea as its against most of my savings and i would only have a small amount free, and also how does that work if god forbid i passed away during the loan would my wife still get my savings (shares) and would the loan also be paid ?
or is it best to get it seperate?
Also should i get all the loan rather than say 75% of it any help appreciated,