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When Should I Use Short Term Credit

22nd September 2021

As we know, life is unpredictable and so too are our finances. Thankfully, there are different options available, which are designed to make life a little easier when money suddenly gets tight. Short-term credit is just one of these options, and it can be a great way to bridge the gap between paydays or provide support during an emergency or an unexpected expense.

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WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR


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