After finishing university, I moved out of my parents’ house pretty quickly, as I was keen to maintain the independence I had gained there. Sometimes, though, it was quite tricky to keep up my rent payments when I was still feeling the strain of student debt. Last May I became quite anxious because I just did not know how I was going to pay my rent. It was so difficult because I knew that as soon as my next payday came I would be okay. I started looking for a short term loan. All I had to findwas a cash advance that would see me through until I next got paid. Luckily, I found a company called Cash Genie who were able to give me instant loan approval and transfer the money into my account really quickly.
I was able to borrow between £75 and £750 – I was quite happy that the amount wasn’t higher as I knew I would have been tempted to take out a bigger loan, which I might not have been able to pay off as easily. The application was fairly easy, as the only conditions I needed to fulfil were being over 18, employed, and earning over £500 per month. These small loans are for people who do not have access to mainstream credit. I could have got myself a credit card, but I was concerned that as I was struggling with cash a bit, I could end up with a huge credit card bill that I wouldn’t be able to pay back.
The company highlighted that they are a short term solution. Indeed, you can only borrow from them for a 30 day period. The speed was certainly a good thing for me though, as the instant loan approval was just what I needed. After the cash was transferred to my account, I paid my rent immediately so I knew how much money I had left, and then worked out an exact budget for what I would be able to spend until my next payday, when I would have to pay back my loan.
I definitely think that for me, a short term loan was a better option than getting a credit card, which would almost certainly have left me in bigger amounts of debt. The straightforwardness of getting a cash advance to last me through until my next payday made things really easy, and I didn’t have to fill in lots of forms. And getting instant loan approval really gave me peace of mind, and saved my relationship with my landlord.
Please visit http://www.cashgenieloans.co.uk/ for further information about this topic.
http://www.cashgenieloans.co.uk/
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