CashCompare

  To reiterate a theme that we have previously written about here at CashCompare, a short-term loan is not, in and of itself, entirely a risky proposition, nor something that will solve all your financial problems. Instead, much depends on how such a loan is used, and how it fits in with the broader scheme of how you manage your money. So, with all that in mind, here are some of the steps you can take to reduce the degree of risk a short-term loan might present to you. Borrow as little money as you can This might seem obvious to some of our blog readers, but it is worth re-emphasising nonetheless: a short term loan is definitely not the kind of thing where you should borrow more money than you strictly need, just because you theoretically can borrow that much money. After all, all funds that you borrow will need to be repaid. And with short-term loans potentially having APR rates of as much as 1,500% or more, it can be a seriously risky course of action to take out a loa...