TAKING out a loan could be a good way of spreading the cost of a big purchase – we round-up the best rates currently available.
Before you consider borrowing money, there are a few things to be aware of first.
Taking out a loan is a serious financial commitment, so you’ll want to make sure you can afford to meet all the monthly repayments.
You can do this by taking into account the length of your loan, plus the interest rate, to make sure it’s affordable for you.
You’ll also want to make sure you don’t damage your credit score by checking how likely you are to be accepted by using a “soft search”, such as this one from MoneySavingExpert.
Although a “soft search” is still recorded on