Every day in our various business areas we receive applications for finance from individuals who have not properly considered the implications of entering into a borrowing transaction.

In some ways the credit crunch has placed more discipline on lenders and credit is not as easily available today as it used to be .

A few tips include:

• Only borrow what you can afford not what a lender is willing to give you
• Remember that the repaymenst need to be met every month
• Don't take out multiple loans
• If you are having a problem tell your lender
• Always know what interest rate you are paying