Short-term loan firms will be expecting a bumper month as the post-Christmas debt blues take their toll. Lenders such as TxtLoan.co.uk and Cashgenieloans.co.uk offer Britain’s cash-strapped access to instant cash, usually with loans lasting no longer than 30 days. The theory behind these companies is that people can borrow money for emergencies and unforeseen bills, which covers them until their next pay day.

Source: Quick-fix loans are tempting, but beware…

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