“It was a challenge to get the mortgage I needed to buy my house<\/span>. But yesterday, <\/span>I found out I could buy takeout food on credit just like that. <\/span>It’s<\/span> funny how easy it is to get credit when you <\/span>don’t<\/span> really need it, right? I can afford a takeout every now and then! Still, I went for the “Special Deal” with desserts. There was too much food, but since I <\/span>wasn’t<\/span> paying for it yet…”<\/span><\/span>\u00a0<\/span> Does Jack’s experience sound familiar? It shows the difference between healthy and necessary debts (who can buy a house without a mortgage?) and unnecessary, optional debts. <\/span>The way you pay for what you buy can have a big impact on your financial wellbeing.<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/p>\n Check the tabs below to see what type of borrower you are and how to make the most of the credit options available to you. <\/span>\u00a0<\/span><\/p>\n When Queen sang, \u201cI want it all, and I want it now\u201d, they knew what they were saying. As human beings, our brain is programmed to seek instant gratification. Advertisers are aware of this and use this to encourage us to keep buying. You are using credit \u201cfor the sake of it\u201d when:<\/span>\u00a0<\/span><\/p>\n These types of debts are normally considered bad or unhealthy because they are usually expensive, may involve hidden fees and risks, and the benefit from buying them is long gone before you make the last repayment.<\/span>\u00a0<\/span><\/p>\n For more information, see the risks of unnecessary borrowing.<\/span>\u00a0<\/span><\/p>\n\n<\/div> Congratulations! You know how to use credit to achieve your life goals while ensuring financial peace of mind. Look at the actions of a smart borrower:<\/span>\u00a0<\/span><\/p>\n For more information, see resources for smart borrowers.<\/span>\u00a0<\/span><\/p>\n\n<\/div> Anyone can face financial difficulties at some point due to a number of life circumstances. If you don’t have buffer savings or enough income, you may need to borrow money for daily expenses, which means paying additional costs for credit.\u00a0<\/span>\u00a0<\/span><\/p>\n Getting support as soon as possible can make a big difference and help you out of the situation more quickly.<\/span>\u00a0<\/span><\/p>\n For more information, see how to tackle your debts.<\/span><\/p>\n <\/div><\/div> We all enjoy buying things we fancy on credit. It can make us feel great at the time. However, the often-overlooked costs and risks of unnecessary (optional) borrowing can empty your savings and take you away from your life goals.<\/span>\u00a0<\/span><\/p>\n Check the following sections to learn more about these costs and risks:<\/span>\u00a0<\/span><\/p>\n \t\t<\/div>\n\n\t\t\n\t\t\t\t\t Despite our best intentions, comparing offers to find the best option sometimes proves difficult (we all have busy lives!). Look at our suggestions and resources to make your life easier and help you save money:<\/span>\u00a0<\/span><\/p>\n \t\t<\/div>\n\n\t\t\n\t\t\t\t\t Living in debt and facing financial struggles can be stressful and overwhelming. The longer the situation lasts, the more difficult it may seem to find a way out. However, you are not alone. In the following links, you can find practical guidance, resources, and services to help you retake control of your money and your life.<\/span>\u00a0<\/span><\/p>\n \t\t<\/div>\n\n\t\t<\/div><\/p>\n","protected":false},"excerpt":{"rendered":" How to make credit work for you and not against you Jack, Co. Cork “It was a challenge to get the mortgage I needed to buy my house. But yesterday, I found out I could buy takeout food on credit …<\/p>\n","protected":false},"author":178,"featured_media":0,"parent":836,"menu_order":30,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"tags":[],"class_list":["post-21024","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n
\n<\/div><\/p>\n<\/div><\/div>\nFor the sake of it<\/h2>\n
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Smart borrower<\/h2>\n
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Out of need<\/h2>\n
\n\t\t\t\tThe risks of unnecessary borrowing\t\t\t<\/h3>\n\t\t\n\t\t
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\n\t\t\t\tResources for smart borrowers \t\t\t<\/h3>\n\t\t\n\t\t
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\n\t\t\t\tHow to tackle your debts \t\t\t<\/h3>\n\t\t\n\t\t
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