Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.

Apr 21, 2017

What is a Short Term Loan - A blog from Payday Pug

There are many different types of loans that you can apply for, but one of the most popular options is a short term loan. This is a loan that is typically for a small total amount and is required to be repaid in a short period of time. Even though the amount of cash that you are getting access to is smaller than that of a traditional loan, it is a loan type that is easy to qualify for and comes with few restrictions. This means that if you are looking for a loan type that you have the highest probability of qualifying for, it is best to apply for a short term payday loan through Payday Pug. This is a loan that you are sure to qualify for no matter what is hiding on your credit report.

Paid Back Fast

The one thing that you must understand about a payday loan is that you pay the loan back in full in a short period of time. This means that the loan repayment does not drag on for months or even years like it does with most traditional loans. You will have to pay the loan back in full in weeks depending on the loan amount and the repayment terms that you agree to. It is possible for you to repay the loan in full in a short period of time because it will be for only a small amount. This means that you are loaned money for a specific need and it is a type of loan that is designed to help you get through until your net payday rolls around.

When you need access to cash fast, you can look into getting a short term loan that will do the trick and allow you to get out of a tight jam.

Advantages of advance payday pug short term loans online
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Representative example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total. Rates from 45.3% APR to 1721% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information. We may receive a commission from the lender.

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