6 Reasons to consider a short term loan

By: Oliver Jones May 12, 2016 6 Reasons to consider a short term loan Short term loans are very popular in the UK, offering a simple and fast way to cover a gap in household or personal budgets. Whether you’re having a tough month in terms of budgeting, or you’re finding yourself facing an unexpected expense, there are many reasons to think about short term financing to help bridge the gap. There are a number of different options available when it comes to these loans, including payday loans, instalment loans and guarantor loans. Different types of short term loans Payday loans – these are the shortest term loans available, usually borrowed for around a month. Small cash sums can be used to tide you over until your next payday when the loan is repaid. These loans are ideal for very short term borrowing when you don’t want to worry about multiple repayments over a long period of time. Instalment loans – for short term borrowing over a slightly longer period (a year or more),
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