Some things to think about before applying for a loan…

Check out Martin Lewis Money Mantra and ask yourself-

If you’re skint…

• Can I afford it?
• Do I need it?
• Have you checked prices elsewhere?

If you’re  not skint…

• • Will I use it?
  • Is it worth it?
  • Have you checked prices elsewhere?

Credit Report

It is also important to check how applying for the loan may affect your credit score. There are many free credit report agencies, please click here to access Credit Karma.

APR

APR can be very confusing and if you don’t understand APR when applying for a loan, you might end up paying back a high interest. Check out this short video which explains APR.