When borrowing money, the first place that many people try is their bank or building society, not realizing that with a bank, you will need to borrow a larger amount over a longer time scale, as this will accrue a larger amount of interest and will mean that you end up paying pay far more than you borrowed in the first place. Not to mention being stuck with monthly loan repayments that will impact your credit rating and monthly budget.
Not everyone wants to borrow big money
Payday loans and Short term loans are a great alternative to a typical bank loan and allow you to borrow smaller amounts (sometimes as low as £200 and anywhere up to £5,000) and pay it back over a shorter period of time allowing you the freedom and flexibility to control your own money.
Cash Carrot offers a bespoke and helpful service, allowing you to make an educated decision about your finances and quickly matches you to short term loans and payday loans that meet your requirements.
Filling in the information that Cash Carrot asks for on their main web page, does not just allow them to advise on short term loans and payday loans, but also helps you to understand how much you might need to borrow and at the same time, provides you with a better idea of how much you can afford to pay back each week or month of the length of your loan.
Although, Cash Carrot offer advice and help on arranging short term borrowing, they are not a lender and so are able to broker a service that is the best deal for you. Price comparison sites are useful but the best deals and value for money can only come from approaching individual companies on a one to one basis. Using a brokerage service allows for this flexibility and greater chance of getting more bank for your buck.