How can I avoid debt in the future?

Short term loans are costly, so it’s best to try to manage your money and avoid having to take out debt in the future. Our blog is full of useful articles about money management, which could help you to improve your financial health. We advise consumers to consider the following when looking to avoid taking out further short-term loans:

  • Creating a budget and sticking to it
  • Using spending apps to track where your money goes
  • Considering selling unwanted items instead of borrowing
  • Looking into cutting back where possible
  • Asking family or friends to help out
  • Researching alternative forms of borrowing to short term loans

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We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

  • Moneyboat.co.uk are in no way connected or affiliated with the application or affiliate links mentioned in this or any article. We do not receive any commission and are not responsible for any charges that may result from any free trials or paid subscriptions.
  • Moneyboat.co.uk does not provide medical advice It is intended for informational purposes only. It is not a substitute for professional medical advice, diagnosis or treatment. Never ignore professional medical advice in seeking treatment because of something you have read on the site. If you think you may have a medical emergency, seek medical advice immediately or dial 999.
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If you feel that any of the information published on our blog is not accurate, please notify us via email at thecrew@moneyboat.co.uk.

Representative Example: Borrow £400 for 4 months: 3 monthly repayments of £156.09 followed by a final repayment of £156.07. Total repayment £624.34. Interest rate p.a. (fixed) 288.35%. Representative APR 1,267.9%. 

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Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.