Christmas Quick Cash

Christmas is fast approaching and it is the time of year where you need to carefully budget to make sure you are not over spending yet you are providing a great Christmas for you and your family. This time of year, for many, is a time when quick loans are needed.

In many shops the sales have started early with discounts on some items between 25%-50%. This is a massive saving especially if you are buying presents for many family and friends.

If you are looking to take advantage of these discounts and get your Christmas gifts cheaper then it could be beneficial for you to borrow using quick loans so you can buy the items while they still have a discount.

The normal amount of interest on a quick cash is £25 for every £100 you borrow. So, let us say you borrowed £300 – and you would have to pay back £375. If you were buying £400 of presents with a 25% discount – these will cost you the £300 you borrowed. You'll pay back £375 – which is £25 less than the presents would have cost you full price. So it does make sense.

As with any type of borrowing, make sure you budget to pay the loan back when you next get paid as the repayment will come straight from your bank account.