The usual use of short term loans or payday loans, are as am emergency top up for your paycheck until the next payday arrives. For example, say you have spent your paycheck on all of your regular monthly expenditures, such as food, fuel and energy bills and then your roof suddenly decided that it was going to throw some tiles off, letting the rain in, or your car breaks down and you need it for work but you have not the money to cover the repairs. Short term loans and payday loans would help to give you peace of mind to cover little emergencies until the next payday.
But that does not have to be all that they are used for. Say you have a bigger purchase that you would like to make?Or you have an important event coming up and you want to hire a better car? Or maybe you would like to go camping and you need to buy some extra equipment?Or maybe, after months of saving, you only need a little bit extra to get that engagement ring she has been hinting to you about every time you pass the jewelry store?
These types of financial products can be used for almost anything from larger purchases (new sofa anyone?) to a bit of extra holiday spending money to emergency home repairs and car maintenance.
But what if you have decided that you want to take advantage of short term borrowing, but you have no idea how to go about it?
Cash Carrot is a broker service that matches up individual financial products, tailored to your needs based on information that you provide to them. It is an easy and pain free experience.
Fill in the form on the Cash Carrot website as completely as you can This allows the broker to see how much you want to borrow and for how long, and also how much you will comfortably be able to pay back each week or month depending on the conditions you have specified for your loan. Then, Cash Carrot will approach individual companies to get you the best deals on the best financial packages for your needs.
You do not need to speak with anyone directly, no one will cold call you and the agreement and application can all be done over the internet. Which means that you could have the money safely in your bank account within minutes of being approved. The eligibility checks are not intrusive and the entire process from application to the release of the money could take no longer than 30 minutes.
Although it is true that you could use price comparison web sites, the basic level of service that these types of companies can supply are just a list of companies and price ranges which you then need to contact for yourself in order to buy any of their financial packages and for a person unused to the world of finance, and finance jargon, this can be especially daunting, which is why it is preferable to use a brokerage service.