Live with Credit Safely

Although credit can be a very useful thing, as a general rule, you shouldn't borrow to pay for your day to day living costs. You should only borrow for a long-term item that will give you benefits for a number of years, such as a house, a vehicle or a major domestic appliance (like a washing machine, rather than that widecreen plasma TV you've had your eye on).

It is very easy to become dependent on credit unless you are absolutely clear about why you are borrowing, the type of loan you want, how much it will cost you, who you are borrowing from and the detailed terms and conditions of the loan.

In this section we take a look at the best way to live with credit safely - the best way to ensure that you never fall into the debt trap again.