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04th April 2022

Borrowing Money

There are pros and cons to different types of borrowing and some loans are more expensive than others.

The offer you receive may depend on your credit rating and personal circumstances.

Always make sure you can afford the repayments and remember that low weekly or monthly payments may not be the cheapest option.

Remember to look out for penalties for not making payments on time and going into an unauthorised overdraft.

See our Borrowing Money Guide for some typical examples of different types of loan, interest you'd pay, APRs and total costs of the loan.


The Consumer Council is authorised and regulated by The Financial Conduct Authority to act as a credit broker. Our Firm Number is 913082.

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