Settlement Guide: How to borrow money responsibly

The Federal Government is aiming to ease responsible lending laws, hoping it will help stimulate the economy. But with the onus of assessing the suitability to take on debt set to be placed back on a borrower, experts warn it is more important now than ever to borrow responsibly.

Consider the potential for interest rate rises when calculating how much you can realistically borrow. Source: Getty Images/urbazon