1 Month Loan
One month loans are ideal for people who find themselves in an unexpected financial emergency. As you will probably already have guessed, a one month loan is a sum of money that is borrowed for a month, and it has to be paid back within that time, which is why they are classed as short term financial products.
There are many people who are wary of these quick fix financial solutions, yet it is worth bearing in mind that anyone can be in a position where they run out of money at the end of the month and need some emergency cash to get by until they get paid. A one month loan is ideal in these types of scenarios and it is a non-complicated process that literally takes only minutes to apply. People with bad credit will also benefit from this kind of financial option, as credit history is not rigorously checked like it is by traditional lenders.
With a one month loan you also have the convenience of being able to apply online. All you have to do is enter a few personal details, such as age, name, address and the amount you wish to borrow, and the electronic form will be passed to several lenders who will then decide whether or not they want to lend the money. The simplicity of the whole process is one of the main reasons why one month loans appeal to a wide range of people who just need a little extra cash from time to time. This is our 12 month loan alternative.
It is worth bearing in mind that there are a few small requirements in place that may affect whether or not you can get the money you need. This emergency cash option is pretty easy to get hold of, but you do have to be over eighteen before any such loan will be granted to you. Many lenders will also ask that you are a citizen of the UK, have a bank account and can prove a regular income.
Finding yourself in a tight financial situation can be terrifying at first – especially if you have bills to pay and have no money to put towards them. Yet, with one month loans, situations like that could be avoided. However, always remember that it is only a short term solution. The money will need to be paid back on the due date and failure to do so will adversely affect your already vulnerable financial situation. It is also wise not to use this form of credit as a long term solution. It is merely for emergencies every now and again. One month loans are great– but only if you know you can pay the money back at the specified time.