Short Payday Loan - What Is A Payday Loan?
Warning: Late repayment can cause you serious money problems
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You have probably heard of a 'payday loan' before, but contrary to popular belief, this does not actually mean you need to repay the loan on your next payday. Keeping that in mind, read on to discover more about a short payday loan.
Payday loans UK are short-term loans that are designed to tide individuals over for a short period of time. Borrowers will borrow a small amount of money, usually a few hundreds of pounds, and they will have a number of months to repay the loan. Of course, you can arrange to repay the loan on your next payday if this is best suited to your situation. However, with the number of lenders that are available today, there are flexible solutions, and thus you could find yourself with anything up to six months or a year to repay the loan. Short term payday loans are designed for life's little financial emergencies, such as expensive utility bills or vehicle repair costs. They are not a long-term financial solution. The appeal of these loans is that they are fast and convenient. They do have a high APR, but remember that APR is based on a yearly scale, and those seeking a payday loan are more concerned what they will actually cost in terms of £. Nevertheless, when taking out a loan, the importance of being able to repay it cannot be ignored.
True Blue Loans is a short payday loan lender with what we think is a good reputation in the UK. We provide loans over three, five or six months, and you won't be charged any early repayment fees or application fees. You can find out more today by heading to https://trueblueloans.co.uk.