Short-term loans may seem like an attractive prospect if you have home repairs to make, a car to fix, or you want to book an excellent deal on a holiday but are a couple of weeks short of payday. However, is taking out a short-term loan always the best thing to do?
Short-term loans are often marketed as a way to receive a quick cash injection when you need it the most. There are considerations to make when deciding if this is the best financial decision for you, and luckily, you will not need to employ a financial advisor to decide if this is the best thing for you.
Short-term loan companies are transparent about what you are borrowing and how much it will cost. Below we have included some considerations and how to decide if the loan is right for you.
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