If you're thinking of taking out a loan...

There are many different types of loan – some are better than others, while some are incredibly easy to start. If you are really struggling, then talk to a debt adviser. If a loan is essential, then think about what sort of loan you need. Payday loans are attractive because they are simple to start. However, they can be difficult to repay and also can affect your credit rating if you don’t repay it on time. Also beware borrowing from the ‘bloke in the pub’ – this can also get out of hand.