Financial solutions for companies and particulars
There are plenty of ways to reach our goals, and many - if not all - of them involve the use of money. We would be very happy if we were able to create it when we need it, so we wouldn't have budget limitations when engaging in an entrepreneurship - doing so would also kill the capitalist system, rendering money useless, but that's another matter.
Getting the money we need for the things and processes we want is often a game of skill, intelligence and resources. We need to know what tools we have at hand, what techniques we could use, and which are the best strategies to get a hold on the bunch we need for our particular goals. This counts for all purposes, from family expenditure like home repairs or holidays, to big companies making investments worth millions of dollars. The more resources you have, and the more connections you can make, the more likely you are to have options.
Borrowing money is a possibility that is at almost everyone's hand. Only few people cannot access any sort of loan, including those too young, with no possessions or certificates that allow them to, or those with a terrible credit score - and even them can get that sorted out. Of course, borrowing money has its cost, as well as its risks. It becomes an expense because you have to pay for the interest, which is the price of the financial service you are getting. However, a loan could be the only way - or at least, the more convenient way - to face expenses you can't cover with your present resources. Furthermore, if what you want to do with that money is an investment, and you succeed, you may walk out of the deal with more money in your pocket instead of less.
Becoming a lender
On the other side of the business, you have those who provide financial services, lending money and making a difference with the interests they charge. If you want to become a lender, just as any other activity you need training and education, and you also have to bear in mind that providing loans is always a risk for you, especially if they are not secured. When you get down to the fact, you are giving someone a part of your money in the hopes that you will get it back some day. And, as we all know, not everyone are able to meet repayments. Of course, lenders have their own ways to ensure they will take back their money plus the interest, you always have the choice of resorting to foreclosure or reposession, but lawsuits always take time and effort, and people usually fight back if you want to take their homes or belongings. So the process is much longer and may take a lot of energy from you for the same revenue. That's where the risk of a secure loan is; when it comes to unsecured loans, of course, the risk is even greater.
Borrowing money is always an expense, so only people who really need it restort to a loan. For this reason, lenders often deal with vulnerable clients who are more easily scammed or put under pressure. This is when lenders take advantage of their clients' situation and add some small print or increase charges after the deal has been made. The problem of untrustworthy lenders has led to the rise of P2P lenders websites and other similar services.
The Association of Short Term Lenders
The purpose of the Association is to provide information and support services to the community of short term lenders. It witholds a Code of Conduct and membership rules to ensure proper behaviour of their members, and provides them with relevant information on the financial world - the state of affairs of the loans market, how it impacts the estate market, latest news on financial providers. It also protects the best interest of their members, both with educational measures and with actions aimed to ensure the professional wellbeing of short term lenders.
The Association works to establish a contact network that connects short term lenders with authorities, higher associations and other organisations of their interest. If you want to learn more about their activities or become a member, here we provide their contact number. If you are a short term lender or plan to become one, this contct information will be very useful for you. Also, call charges may apply, when calling 0844 numbers please be advised that extra call charges apply more than normal local rates, of up to 7p per minute.