1-minute guide to Borrowing



Did you know that 2 out of 3 people waste money on high interest rate credit cards when there are MUCH cheaper options available

If you have debt with a high interest rate like a standard credit card or (the worst of all) a store card and you don’t have the money to pay it off in full, or you want to buy something but don’t know where to get the money from, then most people have two options. You can get a loan or get a credit card.

If you want to borrow to buy something then you do need to ask yourself: Do you really need it?

The golden rule is simple: borrow as little as possible and pay it back as quickly as possible.

Compare these shocking stats

Do you have debt on a store card or credit card?

On a store card (30% APR) On an interest-free credit card (0% APR)
Monthly payment 3% £21
Time taken to pay off 15 years 9 months 2 years
Total cost £1499 £500
You could save an amazing £999!

Do you need to borrow money to buy something?

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Sarah Willingham
Sarah Willingham is a serial entrepreneur, business investor and leading consumer expert. She has received a number of accolades for her contribution to business including The Sunday Times 500 Most Influential People in Britain 2016, The Times 35 Most Successful Women Under 35, Business Weekly’s Young Entrepreneur of the Year, Courvoisier Top 500 and an entry into the Who’s Who of British Business Leaders. She holds three business degrees including an MBA from Cranfield School of Management, where she is also an advisory board member.