Payday loans are a short term solution. For long term financial success, you will need to develop money management skills. At Swift Money, we want to go beyond just offering a short term loan to help tide you over. We want to ensure that you are able to better manage your finances in the future.
One of the first things you should do in order to help get your finances back on track is develop a budget. There are plenty of free tools available online to help you accomplish this. You can try the MoneySavingExpert budget planner.
For some people, trying to develop a budget and manage their own finances is too difficult. This is nothing to be ashamed of. If you find yourself in this situation, it is perfectly ok to seek help from an outside advisor. There are many services available to you, such as the Citizen’s Advice Bureau (CAB). The CAB will even meet with you and help you organie your finances. Another free place to seek financial advice is a Consumer Credit Counselling Service such as Stepchange, who specialises in helping people to get out of debt. If you live in England, Scotland or Wales, you can call the National Debtline on 0808 808 4000 to receive solid and confidential financial advice. Do not be afraid to seek help if you are going through tough financial times.
Getting multiple payday loans is not uncommon at all. If you are in a position where you need a payday loan, we encourage you to apply with ourselves, however, what you want to avoid is falling into the position where you are relying on payday to make ends meet. Getting your finances in order will help you to achieve long term financial success.