Advertising is a multi billion pound industry, and it is clearly effective. And that extends to the world of personal loans. In a crowded market, it is all important, and the key inducement to potential borrowers is a competitive rate of interest. Rates splashed in big letters on your screen. But this is not the […]
The ideal loan term is subjective. You’ll need to figure out how much you can afford each month before determining how long your loan should be. Loan terms can range from a month to five years or more. Shorter loan terms lead to a higher monthly payment, and usually higher interest rates, Moolr ask the […]
Regardless of how well you budget each month and how good you are at keeping track of your money, sometimes the inevitable happens. Problems occur and you need emergency funds. An unexpected bill lands, or your kitchen floods. Your car’s exhaust falls off, or a child needs funds to get by. One way of getting […]
Unlike a traditional bank loan, which borrowers usually pay back over several years, lenders designed the short-term loan for people to repay quicker and deal with immediate issues. Often borrowers will do this within several months. You can use them for emergencies, such as car repairs or a broken boiler. There are several types of […]
The UK payday loans, or short term loan industry has struggled with a mixed reputation in recent years. Nevertheless, since FCA regulations were announced in 2014, short-term loans have found their place in the market. Regulations are as tight as anywhere in the world. Loans are a useful option for people in need of a […]
In the UK, it can be difficult getting by with so many costs in life if you are a student, as there is for everyone. The student maintenance loan is there to cover a student’s day to day livings costs, but many students find this is not sufficient to get by. The maintenance loan is […]
What are short term loans also known as? You may have heard them described as same-day, quick, short-term or cash advance loans. All of these names can be used to describe this type of lending, so you should not distinguish between them. Moolr have thus addressed some of the most common questions below: Short Term […]
Short term loans vs payday loans – there are lots of choices out there for you if you want to borrow money and pay it back quickly. But what are the main differences between short term loans and payday loans, well that is what we are going to be answering in our latest blog. The […]
Short term loans used to commonly have another name, when dealing with loans of 1 month or under. I refer to payday loans. Payday loans have attracted much criticism in recent years in the media. However, they served an important purpose in the financial market, and are crucial to many when struggling for funds. With […]