A lot more than 10 million UK customers borrow over ВЈ2 billion each year in payday advances and short term installment loans from online payday lenders.

A lot more than 10 million UK customers borrow over ВЈ2 billion each year in payday advances and short term installment loans from online payday lenders.

Short term installment loans are probably one of the most common forms of finance for their freedom permitting clients to borrow how much they desire when it comes to precise length of time that they would like to. Before short-term financial products became available, clients had been forced to borrow a more substantial sum of money over a longer time period because of many banking institutions and loan providers having a minimal loan amount of ВЈ1,000. (more…)