Living a happy and successful life depends on many factors depending on your aspirations and personal circumstances. Many are happy with a simple family life getting by each week in a steady job and having a little bit of fun at the weekend.

Others can be more ambitious and set high targets for themselves requiring the latest technology, cars, holidays, and homes. Whatever a person’s status there can be a time in everyone’s lives where an unplanned emergency occurs through unforeseen circumstances that requires financing. It is at that point that there may be the need to take out a loan opening a set of wide-ranging decisions and questions. You may fancy a loan through Wallet Wizard when comparing the best options.

It might be that you wish to finance a house move, a dream holiday, or for training purposes. The way pricing has gone for gigs and sporting events, means that you might need a loan just to purchase a ticket for a one-off occasion. But before you take the plunge, you need to consider the following factors.

• - Consider the amount of the loan and how many months you can realistically repay it in considering your salary and outgoings. Be sure to ask questions of the companies rather than just jumping in. A reputable lender will be most helpful assisting in your queries.

• - Make sure that once you have a figure and repayment in mind that all your possible outgoings have been considered, remembering anything that may crop up during the repayment period such as weddings or car renewals. The last thing you want is to default on your payments.

• - Choosing the correct lender is essential. The market is flooded with incentives and advertisements, but choose the right one for you with best rates and who will allow you to make extra or early repayments.

• - Choose a company with a good reputation who specialises in personal service. Ideally one that will give you a decision quickly, with a solid customer support team, excellent reviews, and total transparency in all your fees.

• - Your credit score is likely to be required when applying for a loan so make sure that you check your credit or CIBIL score in advance. Speak to the lender to find the best solution.

• - Check out the interest rates being offered by the lender. Are you getting the best available rates and if they seem low are you sure that there are no hidden terms that will see you end up paying more in the long run.

• - Selecting a lender with the flexibility of access will offer you a better service, especially one who can guarantee a quick transfer of funds and is available on a weekend when you can sometimes fret after a week at work.

When deciding upon taking a personal loan make sure that you will not leave yourself vulnerable as other outgoings affect your repayments and ensure that you choose a lender with a good reputation and excellent customer service who will offer you the best terms possible.