Essays on loans and interest rates

Taking out a loan is always a big decision that needs careful consideration. On the "Economics information package" page, look for a link that can help you with loan issues.

Essay 1. Find out what kind of things someone taking out a loan should bear in mind when making a loan agreement. Consider what kind of consequences careless borrowing could have.

Essay 2. Explain what it means to be a guarantor of a loan, and what a guarantor should take into consideration before agreeing to guarantee a loan.