There are two types of loan I'm really not a fan of:

1. Unsecured loans
2. Credit Cards

Mainly because of the ease with which these can be obtained but also because they're bloody expensive.

These types of loans are typically targeted at exactly the sort of people that cannot actually afford them! People (like I was) like students and people who don't own property.

Maybe it's because we are living in a world where everyone wants everything NOW, or maybe we've just forgotten to advise people that you should not really be trying to buy things you can't afford, or borrowing money unless you know you can pay it back or at least "secure" it against another asset such as a property. These secured loans can be a far cheaper option in terms of interest rates (APR) than the other options, but you should always be careful to either shop around or use a brokerage that has access to a large panel of lenders so you get the best price.