Christmas can be a real financial burden to many, not just due to having to splash the cash on presents for friends and family but also due to having to pay over the odds for Christmas dinner. Even when you cook yourself, it costs a small fortune and add in alcohol for New Year’s Eve and there’s no surprise many find January a difficult month financially. If, like many, you’ve been paid perhaps even as early as last Friday (December the 19th) on the last day of work, that can mean a whopping six weeks until your next payday…a long time given all the fesitivities in the middle! As such, we wanted to take a look at just one option if you’re finding yourself a little short in the weeks after Christmas.
So long as you’re sure you’re not covering up a long-term financial difficulty, one of the most suitable options for borrowing over just a few weeks is to take out a payday loan. Whilst they’ve had bad press over the past few years, you’ll generally find that lenders are completely transparent with their interest rates and so long as you repay on time, you won’t run into any issues. As far as we’re concerned, they’re by far the easiest and quickest way to tide you over after a difficult few weeks financially over Christmas. In order to take a look in a little more depth, however, we recently caught up with the team behind Cash Call and Relax Cash.
In short, as we always knew was the case, our chat with them revealed a very fair and completely transparent interest system. They charge, across their sites, just £1 interest per day per £100 borrowed. As such, £100 borrowed over a 30 day period would see you repaying just £130. As far as we’re concerned, you can’t get much fairer than this and with the fees outlined well ahead of you taking out the loan, it’s there for you to see.
Whilst this type of borrowing isn’t for everyone, so long as you’ll be able to repay come the end of the monthly period, it’s a great way to get yourself a quick cash injection to tide you over until payday.