Questions to ask before borrowing
Getting into debt is easy, and it can quickly blow out of proportion of you are not well prepared. Ask yourself these questions to guide your decision before you take out a major loan.
- Why am I borrowing?
- Is borrowing the best option at the moment? Are there other options available?
- Is now a good time to borrow money?
- Have I checked my credit report lately
- Can I reasonably afford the repayments?
For more information before borrowing, click here.