Tips responsibilty ahead

Published on July 28th, 2014 | by Falcon

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Encouraging responsible borrowing

This post / article was sponsored by MYJAR

 

Whether you live alone, with friends or have your own family to look after, making sure your finances are in good shape is an incredibly important part of life.

If you’re like most people up and down the country, there’s a good chance that you’ll need a little extra cash now and again and this can mean asking for help by borrowing money. Whatever the reason behind your decision to borrow, it’s important that you enter into agreements sensibly.

Responsible borrowing should be encouraged as it ensures you’re able to stay on top of your finances and reduces the risk of encountering debt or other financial difficulties because of your lending decisions.

According to a new infographic from responsible short term loan company MYJAR, Brits borrow £153 per month in payday loans on average with around 1 million of us using short-term lending to cover expenses.

Payday loans have become an important financial product as approaches towards money management have changed and allow individuals to borrow lump sums over short periods of time to help cover one-off payments or unexpected expenses.

By borrowing a small amount of cash from a reliable company like MYJAR, you can cover any emergency payments or unexpected costs and take care of your money responsibly.

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

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