Payday Loans News

Brits having to meet increasing cost of living
(30 November 2005)

British households are spending an average of four per cent more than they did last year, according to research by the Office of National Statistics (ONS).

This equates to £16 more each week – or £832 per year – more than was spent in the 2003/4 financial year, demonstrating that the cost of living has increased in several areas.

One such area is that of bills and taxes, such as council tax and the various utilities – all of which come to an average of £22 each week. If you have billing deadlines approaching and are still readjusting to the ever-increasing cost of running a household, a payday loan might be suitable for you.

You could receive a short term loan of between £80 and £1000 to tide you over until your payday, with no hidden costs on top of those advertised and nothing to interfere with any other repayment plans you may have in place.

When mortgages and home improvements are added to bills, housing costs come to £127.10 of the typical weekly spend of £434.

Transport is another area in which prices – both of fuel and of bus and train fares – have increased of late, and this now takes up £60 per week of Brits' expenditure.

By taking out a cash advance you would be ensuring that, if all these extra costs come to a head, you are in the right position to meet them using a means which will not damage you in the long term.



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