The steep increase in general living costs such as groceries, utility bills and petrol has left many Brits in a financial rut. Even those who were not suffering from any financial difficulties are now likely to be struggling to keep afloat in today's markets.
However, where there is a requirement, there is generally a solution and in this case it is Payday Loans. In fact since September of last year there has been a 55% increase in the number of active Payday loans throughout the UK.
This is because consumers see payday loans as a quick fix situation to their financial difficulties, which, if used correctly they can be. With incredibly high interest rates and stringent charges if repayments are not met though, it's important to consider whether a payday loan is the best solution.
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