2 Things the Yuppie Cash says about Responsible Lending

With over 15 years of experience in the financial services sector, Yuppie Cash is proud to offer its clients access to fast, convenient and secure personal loans which provide short-term financial assistance when unexpected expenses suddenly arise.

No matter how well you plan your finances, there could be times when your cash-flow gets a little too tight for comfort. Therefore, Yuppie Cash emphasises Responsible Lending and provides these guidelines on effective loan management:

Managing Your Finances

A short-term loan can be a great option for settling an unexpected expense and it should be paired with good financial management to ensure that your financial situation doesn’t get out of control. Here are some great guidelines that can help you manage your finances:

Don’t over-extend yourself. Limit your day to day purchases to items you can afford to pay for in cash. Also, try to avoid opening too many retail accounts – only buy on credit if you’re absolutely sure you can afford the payments.

Save some cash every month. By spending less than you earn, you’ll be able to build up savings in the long-run, making it easier to manage financial emergencies and providing collateral for any larger loans you may need in the future.

Managing Your Loan

Once your loan is approved, you will need to make your repayments on the agreed upon date in accordance with the loan agreement. To ensure that your loan is repaid with no difficulties and in order to maintain a good credit record, remember the following tips about managing your loan:

Pay on time. Make sure that you have sufficient funds in your account to make payment and that it reflects in your account before the payment due date.

Communicate. If you think you might default on your loan payment, inform your lender well in advance as they may be able to offer you an alternative. By not paying you give the right to the lender to make extra charges or to take legal action if necessary.

Following these simple guidelines will ensure that you are a responsible lender and in good standing!