Taking control

Taking control of your debt and understanding your borrowing options is key to improving your financial wellbeing. Below are some insights into different types of debt, managing repayments, improving your credit score, and finding the right resources for advice.

Types of debt

Different debts come with varying interest rates and terms. Understanding each type can help you make informed decisions about your financial management. Here are some common types of debt, along with their descriptions, how they work, and the pros and cons of each: