As mentioned in my previous post, I’m currently looking to sell my car and upgrade for a new one. As usual, my idea of a new car exceeds the expectations set by my bank balance. That meant I was left with the options of buying a lesser car, maybe leasing one, or perhaps looking at a short term loan to cover the difference. Whilst doing my usual research on my options I found a website that specialises in information regarding 12 month loans, the perfect timeframe for my requirements.

The website doesn’t just look at loan periods of 12 months, they also have 6 & 18 month options too, they’ll help you work out how much you’ll need to pay back monthly by filling in some details with their loan calculator, this helps to ensure you can afford the repayments, and if not you can try a loan over a longer period.

Generally speaking the website is full of useful articles and information about loans, including tips on what you can do if you have a bad credit rating. It’s a useful resource with plenty of sensible information regarding borrowing money on short term agreements, so it’s very much worth 10 minutes of your time to read through the articles and decide what options are best for you when it comes to borrowing money.

I recommend anyone seeking to borrow money does take financial advice from an expert, but also take a look at and have a good look at the information and articles available on their website.
If I do borrow some money for my car, I’ll update my blog and see if I can offer any good advice on 12 month loans too.