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Types of borrowing

Here we look at the different types of borrowing that might be available to you.

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Debt has become a common part of our daily finances.

While a mortgage might be the biggest debt most of us will have in our lifetimes, there may be many reasons why you’ve borrowed, or might need to borrow money, like home improvements, buying a car or to cover a period of short-term financial difficulty.

Here we look at the different types of borrowing that might be available to you.

What are the most common forms of borrowing?

Types of personal loan

Traditionally, people took out loans with their bank but there are now more options available depending on your circumstances. Here are some alternatives.

 

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