Your debt questions

In the UK, various types of debt can impact your financial situation. These include secured debts, such as mortgages and car loans, where the lender can reclaim the asset if payments are missed. Unsecured debts, like credit cards and personal loans, do not...

Borrowing money comes with inherent risks that can affect your financial health. High-interest rates on loans or credit cards can lead to overwhelming debt if not managed properly. Missing payments can damage your credit score, making it harder to secure f...

Responsible borrowing starts with understanding your financial situation and knowing your limits. Before taking a loan, assess your income, expenses, and future financial goals. Opt for loans with low interest rates and manageable repayment terms. Create a...