Solve urgent cash-flow issues with a short term loan

Landed with an unexpected expense?

No matter how careful you are with your monthly budget, sometimes a bill can land in your lap that you haven’t accounted for, like an emergency car repair or an astronomical gas bill. Unfortunately, not all of us have the luxury of savings to take care of unexpected expenses – which means that we might need a bit of help to see us through to the next payday.

On occasions like these, when your finances just can’t stretch to cover everything, a short term loan can be a quick and convenient way to sort out the immediate issue and keep you going until you get paid.

Using credit cards for short term cash

Many people turn to their credit cards for extra cash at times of financial difficulty, but this can be something of a false economy. Although credit cards give you fast, convenient access to funds, they can also cost you much more in the long run.

Credit cards give you the option of borrowing over an extended period of time. This means that (unless you completely clear your balance each month) your balance steadily accrues interest, so you may end up with a debt far larger than your original spend. 

The short term loan alternative

Short term loans are a fast, easy and convenient alternative to credit cards for people who like to get their debts cleared ASAP. At iDosh, applying for a short term loan takes a few minutes with our easy online application, and we carry out a super-fast credit check. We usually make an instant decision on applications, but if your application isn’t instantly approved then we will contact you, and in rare cases you may need to fax us some additional information.

Unlike credit card borrowing, with a short term loan from iDosh, you choose a fixed repayment date. You can borrow money for between 8 and 37 days, and we charge a simple fixed rate of £30 per £100 borrowed, with no hidden charges or fees. If you’re a first time iDosh borrower, you can apply for up to £400. You may qualify to borrow up to £1000 (subject to assessment) if you use our service again and pay your loans back on time. 

Although short term loans aren’t designed to solve major long-term financial problems, they can be a great way to top up your bank balance when you’re hit with an expensive month.