How to Effectively Use Short-Term Cash Loans

If you aren’t in a position to save, don’t have emergency cash to fall back on, and payday is still some way away, a short-term loan – also known as a payday loan – might be worth considering.

How Have FCA Payday Loan Regulations Improved the Market?

Since the Financial Conduct Authority (FCA) took over regulation of the consumer credit market from the Office of Fair Trading (OFT) in 2014, the payday loans industry has undergone significant regulatory reform and has changed for the better: consumers have greater protection from unfair lending practices; the loan application process has become more comprehensive; and the penalties for non-compliance are much higher.

Difference Between Short-Term Loans Direct Lenders and Brokers

Now and again, emergency expenses or bills pop up that leave our finances stretched for the month: the car breaks down, the roof needs fixing, the house is flooded. In many instances, problems like these need to be solved right away before further damage can occur but if you do not have the money, resolving them can be difficult.