Why Do People Borrow Money?

27 August 2018

If you're in a pinch and don't have any friends or family you could borrow money from, there are many services online that may be able to help you. There are many different reasons why people have to borrow money and I can honestly say that I have had to borrow money myself. 
This post is sponsored.

Cash Lady is a well-established and reputable short-term loan company that actually care about their customers and want to make sure that they have an easy journey when borrowing money. They make sure that their customers know all of the information and the possible risks involved before committing to short-term high-interest loan. Please do make sure before applying for one of these loans that you will be able to make the repayments. The repayments are usually set up so that they are taking out on or just after your payday. 

On the Cash Lady website is the high cost credit index, this tool shows that millions of people are applying for short-term loans each year. They break down it into monthly consumer trends by city and even how the average loan request, monthly income and the top employers. For example in July 2018 in Cardiff, the average number of applications was 582 with the average loan request being £331 and the top employer was the NHS. These people are saving lives and should be earning much more. 

Late repayments can cause you serious money problems, if you need any help you can visit the Money Advice Service website for free and impartial money advice. This service has been set up by the government and they offer support over the phone and online. 

If you're looking for a few ways online to extra a few extra pounds a money, then I would definitely recommend checking out Prolific. This is a survey website that I have been using for a couple of years now and have made over £800 since I started. The surveys aren't boring in the slightest and the rewards and time lengths vary. You can sign up using my referral link - HERE

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This post is sponsored. 

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