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