The other day, a friend of mine took out a car loan to buy his dream car. When he asked for our advice, we told him to stay away from a car loan as it is one of the most expensive personal loans but he did not listen, and went ahead with it.

As it was a luxury car, the loan amount was rather huge. What's worse is his very colourful credit history.

Since he was adamant, we went online to help his search for loan reviews and try to get the best loan deal for him by reading up on UK Personal loans and comparing what loans are available to him.