may be considering borrowing money to tackle home improvements, buy a new car, book a family holiday, or treat themselves to a wardrobe upgrade.
Whether you’re thinking about a loan or applying for a new credit card, or even just requesting a limit increase, it pays to be fully prepared before taking the next step.
It's important to make sure you fully understand all the implications of borrowing before going ahead with any application and it’s crucial that you think things through carefully, taking into consideration all the alternative options.
Paul Went, consumer managing director of Shawbrook Bank, suggests five key questions you should ask yourself before borrowing money - from any type of lender.
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