Can a Short Term Loan Help Me?
Christmas is one of the busiest times of the year, and to no surprise, a lot of money is expected to be spent this year. While some people may begin saving for a few months for their Christmas shopping money, sometimes emergencies can crop up which can affect your budget. This is where short term loans can come in, to give you a helping hand when you need them.
The Expense of Christmas Presents
One of the biggest expenses at Christmas is the presents. Statistics show that 98% of consumers aged over 16 will buy presents during the festive period, with over 10% of shoppers looking to spend more than £500, just on gifts. If you’ve left your Christmas shopping to the last minute, then you may find that a short term loan can help stretch your budget that little bit further – so you can give your loved ones the gifts that you want this Christmas. On average, 3% of people will turn to payday loans in order to fund the festive spending.
Ease Of Application
One of the reasons why people tend to use payday loans over the festive period is due to easy borrowing, and with some lenders the APR is at a reasonable amount. This can be a good option for families at Christmas, who are looking to make the most of the holiday period. Whether you have children who are on their school holidays and you want to spend time out and about with them, or if your wallet is a little light and you want to perfect your Christmas spread, a payday loan can help. You can fix your budget and write down a list of what you feel is a realistic budget, and then if you cannot reach that, take out a payday loan for the last minute preparations.
Inevitably, as the weather begins to get colder, there may end up being a few emergencies that will need addressing, and in the build-up to the Christmas period, you may need a helping hand. This is where short term loans can help. As the temperature begins to drop, you may experience scenarios such as freezing pipes which can lead to the central heating not working, or even a leak or burst pipe, and other expenses such as new winter tyres if the weather really takes a turn. There are a number of reasons why you may need an extra helping hand this Christmas, and our short term loans are here to help.
For more information on the short term loan services that LoanPig provide, visit our FAQs section, or contact us today.