What does credit actually cost?

If used correctly credit can add positive value to your overall financial well being. But you need to ensure that you understand what the total amount is that you will re-pay and if that amount is reasonable for the need you want to use the credit for; whether it be for renovating your home, buying stock and equipment for your side hustle; or paying for your child’s education. Avitha Nofal, Senior Legal Advisor & Council Secretariat · Credit Ombud helps us understand what credit actually costs.