Have you ever tried approaching your bank or building society for any short term loans or for a relatively small amount only to be told (or persuaded in some cases) that you need to take out a larger amount over a longer period of time, when you really didn’t need to?Ever wonder why that is? And what you can do about it?
Well, banks and building societies, like you to take out a longer termed loan over years usually as they can then pull in larger amounts of interest on the original amount they lent to you. The longer you keep the loan, the higher amount they can claim in interest. It is in the banks favor to keep you paying back a loan over a longer period of time.
So, if a bank loan is out, what other options do you have? Well, many companies now are offering short term loans A.K.A payday loans which are smaller loans taken out over a shorter time frame. For example, if you only needed a small amount of say £500 to cover a shortfall or to keep you going form payday to payday, then there are a wealth of short term loans or payday loansthat are available to you. Once you have decided how much you want to borrow, you can then decide how long you want the loan for.
Cash Kitty is a short term loans and payday loans brokerage service that offers you a no nonsense approach to short term borrowing. By filling in the information they ask for, setting the amount you want to borrow and the length of time you want to borrow it for, they will calculate the amount you are likely to pay back and your monthly or weekly payment amounts.
Cash Kitty also uses the information you provide to match your circumstances to individual financial products that are best suited to your needs and pocket. As Cash Kitty can offer a more bespoke service than a generalized price comparison site, their brokers are in a position to negotiate the best deals possible for their borrowers, which cannot be offered through a price comparison service.