Sometimes it seems theres just no way out. Maybe your car breaks down, you have an unexpected medical expense, or you just find your self coming up short when youre shopping to put a smile on your kids face for the holidays. All of us have felt strapped financially at times, and the choices we have are accruing more credit card debt, borrowing from friends or family, or trying to get an advance from your boss.
Short term loans expanding financial scope during crisis.
Short term loans are as the name suggest meant for solving small term financial difficulties. Short term loans are approved and transferred to the borrower within the time span of one day. They are easily accessible and offered without credit checks. The catch with short term loans is that they come with high interest rates. However, they are the best debt instruments to prevent short term money problems to convert into long term ones.
Disposable Income Figures Show Gap Narrowing
The research from KBD has also revealed the full extent of the north-south financial divide.
Taking the UK as a whole, the typical household has some £40,000 of disposable wealth, but this figure oscillates wildly depending on where you look and indeed where you live.
An average London family will possess £81,732 in readily-accessible cash, while the Midlands sees this figure reduced to £31,939 and Scots find themselves cut somewhat adrift with a typical £29,724 waiti…
Debt Management Brings a Significant Change in Debt Scenario
Debt management comprises of both short term as well as long-term techniques to counter debts. The short-term techniques are better known as debt counselling. Debt management techniques to bring about an instant improvement in the debt scenario are debt consolidation loans, debt consolidation mortgages and home equity loans. Read more about the debt management techniques in the following article.