Loan comparison pitfalls and how they affect borrowers

https://ace-wiki.win/index.php/Loan_comparison_pitfalls_and_how_they_affect_borrowers

When comparing loans, focusing only on the interest rate can leave borrowers blindsided by hidden fees, longer terms, or adjustable rates that spike later. These pitfalls often make a seemingly cheap loan far more expensive over time, trapping borrowers in debt cycles or unexpected payment shocks.