The Different Types of Short Term Loans 1 | Page 11

So as to avoid having no disposable income for the
remaining month, the customer decides to borrow via
the means of a payday loan. It is likely that in such
instances the repayment amount would be in the
region of £260.00 (for purely representational
purposes) and therefore the customer could budget to
repay the amount on their next employment pay date
accordingly.