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Borrowing

Borrowing money is a way to meet current obligations based on a future expectations. You might be borrowing to finance the purchase of a car or home or to get a few dollars to tie you over until payday. No matter what the reason, remember that loans come at a cost and with an expectation. The cost is that you need to pay someone for the privilege of using their money, and the expectation is that you will pay them back on time. To the degree that the person loaning the money has doubts about your ability to pay back the loan, the cost of the loan will be higher.

Borrowing for the right reason -- to enable you to pay for something now that you truly need now or that can save you money in the long run but could not otherwise afford until later -- can be a sound financial decision. However, never borrow if you have no expectation of being able to pay back the loan.

To help you find money to borrow, we've organized our information about borrowing into the following groups:


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