Work out what is left each month
Start with take-home income. Subtract rent, food, transport, utilities and existing debt repayments. Allow something for unexpected expenses. This is a planning exercise, not a credit approval.
Consider other ways to cover the expense
Could the purchase wait? Could you agree a payment plan directly with the service provider? Use savings only if doing so would not leave you unable to meet essential costs.
Compare more than the monthly amount
A longer term can make an instalment smaller while increasing total fees and interest. Compare repayment examples, then check the provider's actual written quote. Borrow only what you need.
If you are struggling with repayments
Contact your credit provider early. Ask about available arrangements, their cost and how they affect your agreement. Taking another loan to cover existing debt can make the problem worse.
For debt counselling information and registration checks, visit the National Credit Regulator (opens a new tab).
Keep banking credentials private
Never share a banking password, card PIN or one-time password. Verify a provider independently and be cautious of anyone asking for an advance fee to release a promised loan.