06/02/2026
Looking to borrow some cash to make that life-changing purchase?
Could be a car, a pizza oven, a workspace, a fancy toolkit, or even a house…
Before you go rushing into the lender's office, pen in hand, have a look at these tips for responsible borrowing:
-Spend time looking at your options, researching what offers are available, and getting advice. Perhaps you need the loan quickly, and you feel like there is no time, but the wrong decision can have you paying for years in the future.
-Always find out the total amount you will have to repay when borrowing. A shorter repayment period may beat a slightly lower Annual Percentage Rate (APR) amount.
-Know the difference between secured and unsecured loans. With a secured loan you can lose your home if you don't consistently make payments
-Make a budget to ensure you will be able to afford making payments
-Watch out for interest-free deals. They seem great, but are only interest-free if you pay them off within a certain time period. If you don't pay them off in time, the interest rate goes through the roof!
It's a dog-eat-dog world out there, so avoid the loan sharks and come out to see us. We will give you the assistance you need, without the shady hidden fees :)
