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Borrowing Basics

Be a smart borrower

MoneySmart provide some sage advice on borrowing.

Credit can help you do many things: buy your dream house, get a new car or pay for essential household items. But getting into debt is easier than getting out of it. Fees, charges and interest rates can make credit very expensive, especially if you borrow more than you can afford. Find out how to stay in control of your credit and loans.

See full page here.

Reproduced with permission of ASIC.

Source: ASIC's MoneySmart, 30 March 2011.