Article by Naomi Webb
When you need some money, where do you turn? It can be difficult to know what to do to finance big ticket purchases – whether they be cars, holidays, emergencies or home improvements.
The first thing to do is work out exactly what you need. That might sound obvious but getting sucked into borrowing too much can put a real strain on your finances and leave you in a mess. Don’t be tempted to, say, borrow £10,000 for a £7,000 car and pocket the rest for a few treats. You’ll regret it in the long run.
So, work out what you need and what you need it for and then consider your options.
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