Published on May 15th, 2014 | by Falcon


Become Financially Savvy with Responsible borrowing

This post / article was sponsored by MYJAR


In these challenging economic times, just about everybody has found themselves strapped for cash at some point. This could even be in spite of the best-laid plans.

It may be a car breakdown or the need for a little bit of help in order to upgrade the wardrobe for an important job interview or ahead of promotion.Perhaps the kids need some extra clothes.

Fortunately, there are scores of small, short-term loan products available on the market but which one is right for you? Dig a little deeper, and it’s easy to find that reassuring entity; a lender which has the borrower’s interest at heart as well as their own.

Assistance when you need it most

A small, short-term loan taken with a responsible lender like MYJAR can be a financial saviour that sees you through tough days.  It can help you out if your boiler is on the brink or if your car breaks down unexpectedly.

There’s a simple on-line application form and, once agreed, funds can be sent to your account within 15 minutes. Like any responsible lender, MYJARare completely up front about the costs – Borrow £100, repay 18 days later. Interest cost is £20, total you repay is £120. Representative 3943% APR. 406% (variable)


The first thing you want to do is to understand the terms and conditions of the loan inside out.

A lender which takes theircustomer’s financial welfare seriously will not encourage them to borrow more than they can repay in the specified schedule. Often such a lender will only lend a small amount initially in order to build up a mutually trusted relationship before moving on to larger sums.

Most short-term loans are simple and straightforward. Always read through the loan details carefully to be sure that you really understand how the deal works and what it will cost you, especially if you are late in repaying.

Being responsible

MYJAR always tries to lend responsibly. They do credit checks and only ever lend £100 as a first loan before moving on to larger loans. But it is important that borrowers act responsibly too. Borrowing money that you know you will not be able to repay on time is just storing up trouble so remember – short-term loans are never right for someone who is already in financial difficulty.

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

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