King bell
VIP Contributor
Before you decide to borrow money, it's really important to think through a bunch of things to make sure you can handle it. This includes figuring out why you need the money in the first place, taking a good look at your own money matters, making a budget that actually works for you, checking how healthy your credit score is and what your credit history looks like, getting to grips with interest rates and how long you have to pay back the loan, thinking about other ways you might be able to get or save the money instead, making sure you have some savings for emergencies, thinking about how much money you'll be making soon and how secure your job is, understanding how borrowing money will affect your future money plans, really reading and knowing what you're agreeing to when you sign up for the loan, talking things over with people who are smart about money, and lastly, being honest with yourself about how good you are at sticking to a plan. Taking a close look at all these things will help people figure out the best kind of loan and the right amount that suits their life and budget.
