Loans and Credit
Responsible borrowing, interest, repayments, guarantees, collateral and debt management.
5 articles
Before you guarantee someone's loan
Guaranteeing a loan is not a character reference. It is a promise to pay the debt yourself. Read this before you agree.
Loans and CreditUnderstanding loan interest
Interest is the price of using someone else's money. Here is how it is calculated, why two loans quoting "3% per month" can cost very different amounts, and what to ask before you sign.
Loans and CreditCan you afford this loan?
Being approved for a loan is not the same as being able to afford it. A simple calculation you can do before you borrow.
Loans and CreditUnderstanding collateral
Collateral is something you agree the lender can take if you do not repay. What can be pledged, what it is really worth, and what to check before you sign.
Loans and CreditWhat happens when a loan falls into arrears
Missing a repayment is a problem. Hiding from it is a much bigger one. What actually happens, and what to do in the first week.