Do you need to borrow money? - Money Advice Service.
Of course the importance of having money for certain emergency situations are vital and would be best to consider your options before borrowing from a friend or taking a loan from the bank. If you would like to explore some personal loan options, check out our comparison tool on our website to assist you with your decision making process.
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Debt has a bad name. From Shakespeare’s quote “Neither a borrower nor a lender be” to Benjamin Franklin’s “Rather go to bed supperless than rise in debt,” wise heads through the ages have reminded us of the dangers of borrowing. But for many small businesses, borrowing is a powerful way to raise money to finance growth and expansion.
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The Bible offers a simple antidote to the urge to borrow money. It says: “To be sure, there is great gain in godly devotion along with contentment.” (1 Timothy 6:6) In other words, being content with what one has is the best way to escape the sad consequences of borrowing.Admittedly, however, it is not easy to be content in today’s world of instant gratification.
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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. 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.
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The latest news, videos, and discussion topics on Borrowing Money - Entrepreneur.
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How borrowing money works 2 Different types of borrowing 4 Key things to think about 9 Your questions answered 17 Next steps 19 Jargon buster 22 Useful contacts 24 This guide is for you if you want to borrow money (except to buy a home). When you read it you will know: the different ways you can borrow money how they work, and the pros and cons of each. About this guide. 2 Borrowing money to.
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Borrowing Money. Is there a way to borrow money wisely? The answer to this question is, Yes! So, let's start with the basics. When you are ready to borrow money, there are a few questions that you.