Short term loans

Risks Associated With Short-Term Loans

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Short Term Loans

In this article, Loan Princess looks at the risks associated with taking out short-term loans and payday loans. Over 4 million of them are taken out every year in the UK so they’re certainly what could be called “established” – just as established as credit cards, store cards, and other types of personal loans. If […]

Personal Loans

12-Month Loans: How Right Are These?

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12 month loan

Definition A 12-month loan is more likely to fall into the division of instalment loans under the section of unsecured loans. It is also known as “personal loan” or “long-term loan”. In a 12-month loan, the borrower receives a loan from a lender for a specific amount of money to be repaid within 12 months. […]

Payday Loans

Payday Loans Are Safer: Not Cheaper

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Payday Loan

Short-term lending is not a new concept, but its applications that we come across are the spawn offs of a technological revolution that is still underway. A Payday Loan, the most talked about element of short-term lending is not an exception to it as well. These loans are convenient for specific needs and untimely financial […]

Payday Loans

How Payday Loans Affect its Borrowers?

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Payday Loan

Payday loans are easy to obtain, but they may cause more harm to your mental and financial stability. This kind of short-term lending is not a new terminology, it dates back to the mid-1700s. According to a report published by the Office of Fair Trading, the payday loan market has shown a commendable growth. From […]