Short Term Payday Loans Direct Lenders - Don't Use A Loans Broker
Warning: Late repayment can cause you serious money problems
For help, go to moneyadviceservice.org.uk
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If you find yourself in a bit of a sticky financial situation, and you require a short-term loan to help you out, there are several aspects you must consider.
Some short term payday loans direct lenders have previously had a bad reputations in the industry for not giving their customers the fair treatment they deserve. Since the Financial Conduct Authority (FCA) took over regulation in April 2014 they have made many changes to the rules and this has seen most lenders taking massive steps to ensure that they adhere to these. It is still however worth reading the reviews on the lender you are considering to see what others have to say. Another aspect to consider is whether you really need a loan. It may be you can put off the payment until your next payday, or it may be that you can borrow from a freind or family member which will be a lot cheaper. The final point is whether you can afford to repay the loan. While getting the money may be at teh forefront of you mind just now, when it comes to payback time and you do not have the funds you will certain feel pressure from a different angle. Only ever take a loan if you know you can repay it as per the agreement. If not, you should consider taking advice from someone like the Money Advice Service who may be able to give you alternatives to borrowing your way out of trouble.
Hopefully, you now have a better understanding about when to use and when to avoid using short term payday loans direct lenders. At True Blue Loans, we provide payday loans over 3, 5 and 6 month.. Discover more by heading to our website, https://trueblueloans.co.uk.