Recently, due to a series of events, I've been finding myself... uncomfortable with my financial situation. I'm not in debt, but my account balance did drop into the low three-digit figures a couple of months ago and I felt afraid.
Currently, I have money (having recently been paid at work). However, I've been zig-zagging a lot. I have yet to actually run out of money, but like I said it's feeling very uncomfortable at times.
I've been mulling over the idea of taking a loan, with the goal being to give myself a bit less worry. My bank offers loans and I've been experimenting with the sliders on their page (idly amusing myself at the thresholds, like "if I get £50 more right at this point, I pay £200 less back overall") and as an example a £7,500 loan over two years gives monthly payments of £330, which I'd be okay with.
However, I greatly dislike owing money, or having money owed to me. When I took out a student loan, I paid it off in full at the first letter I received (because, at that time, I had money!) So taking out a loan is kind of a scary prospect to me, and I'd like to make sure I know what I'd be getting into.
Any advice on this matter would be greatly appreciated, thanks!