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Borrowing money

Most people will need to borrow money at some stage to tide them over in an emergency, to buy larger items or to fund a special event. Borrowing money can also be called credit.

Before you borrow money, it's important to make sure you will be able to keep up the repayments, otherwise you could be taken to court and might even lose your home or other valuable possessions.

Find out about the different ways to borrow money, how to borrow sensibly and how to avoid some of the pitfalls of borrowing which can lead to problems with debt

If you can’t repay a loan or something you bought on finance because of coronavirus

Get payments paused or reduced if you’re struggling to pay because of coronavirus. This includes personal loans and payday loans, or things you’ve bought on finance, like a car.

Getting the best credit deal

Advice on getting a good best deal when borrowing money, including comparing credit products, costs involved, terms and conditions and checking whether you can afford the repayments.

How lenders decide whether to give you credit

Information on credit scoring, credit rating, credit reference agencies and how they decide whether or not to give you credit.

Cancelling a loan or credit agreement

Find out if your credit agreement is covered by the Consumer Credit Act 1974 and your rights if you want to cancel it.

Paying off a credit agreement early

Find out if your credit agreement is covered by the Consumer Credit Act 1974 and how to pay it off early.

Top tips for borrowing

Top tips for borrowing money, taking out a loan or using a credit card.