January is often the hardest month financially, with many of us living large over Christmas and waking up with a nasty cash flow hangover. Short term loans can provide welcome relief if an urgent expense crops up a few days or weeks before your first payday of the New Year.

Short term loans are a good solution because you can access fast cash now and then settle the debt within weeks. With a Wonga cash advance you can even take a short term loan for a few days. You can also choose to repay a Wonga loan early without any penalty.

So if you have a cash emergency and urgently need some wonga to see you through, short term loans mean you can fix the problem and then repay the money quickly, rather than being tied to long term debt for the rest of the year.

While bank loans and credit cards might appear like cheaper options, they usually come with very rigid terms and only offer good value if used sensibly. Bank and card fees can soon add up and you won’t find a bank loan with a repayment term of less than a year. A short term loan from Wonga allows you to pick exactly how much cash you want to borrow and for how many days you need it – you aren’t encouraged or forced to borrow more than you need, or for longer than you need. There are no hidden catches and the cost is shown very clearly up front.

Make reducing your long term debt a priority in 2009. If you really need some cash and just can’t wait until payday, stick to short term loans. Always think carefully about whether you can afford the credit and always settle any loans on time. That way you can look forward to better financial health come next December.

This entry was posted on Friday, January 9th, 2009 at 1:04 pm