5 things you need to know before taking a debt

Taking a loan is not a matter that should be taken lightly. If you are thinking of applying for credit soon, it’s essential that you have certain knowledge so you can provide it to potential lenders. Some of those things you /know off the top of your head, like your income and expenses, but there are also things you may need to look into before you apply for your loans, such as your credit score and net worth.