Basic Rules

- If you can't meet your current spending (shopping, mortgage payments, fuel bills, and so on) out of your available income, don't borrow. Trying to repay the loan will only exacerbate the situation. Instead look at ways of cutting back on spending, or ad


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The Basics of Borrowing

Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look around. Goethe

Lending is big business, and loans and credit are readily available as 'an easy, reliable way to bring just about anything you want within your reach' as one lender put it.

But borrowing should be approached with common sense: getting the money is often the easy part; paying it back can prove more difficult. Most lenders make careful checks before they agree to a loan, and turn down applicants who they think are unsuitable. For example, the major credit... see: The Basics of Borrowing


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