Everybody has had one of those days or one of those weeks where everything seems to go wrong all at once. Appliances break down, school trips need to be paid for, the car needs its MOT, and you forgot your Mum’s birthday. Unfortunately, when things stack up like this it makes even the most conscientious budgeter unable to meet all of their payments on time. This is where short term cash loans can help.
Short term cash loans are especially useful if you are a few days or even a couple of weeks away from your next payday but really need access to the money now, without having to wait. The short term loan is designed as exactly that, and it shouldn’t be viewed as a long term means of borrowing cash. They are like a cash advance on your next pay cheque.
Applicants need to be able to show that they will meet the scheduled repayments and on the agreed date. As such, you must be employed to take out short term cash loans. Typically, you will need a monthly salary of at least £800 and you should ensure that you will have the cash to make repayments. While cash loan lenders may work with you to help ensure that you make repayments, there will come a time when you run the risk of having a default placed on your credit file.
Homeowners are best placed to apply for short term cash loans, but tenants can apply too. They will need to be able to show that they have lived at their current address for two years and they need to be on the electoral roll. Borrowers may be asked to provide identification to prove their identity and their address details.
The application process is simple. Simply fill in your details online, including personal, salary, and bank details, and you will receive a decision in a minute. You will be told how much you can borrow and once you have provided your debit card details you will need to electronically sign the application form before being provided with the cash.