It depends on what you are going to use them for. Ideally you should obtain a loan for things that will add in value such as for the home or education. Be that as it may, make sure that when you get a loan you can afford to pay the monthly payments. If you start missing out on payments you will end up paying extra charges, you may see your loan recalled, and you will get a negative credit history which will inhibit you from getting further loans in the future. Use our ĠEMMA My Debt Affordability Calculator to see the level of debt which you can afford at any point in time.