Coping with unexpected expenses during the winter months can be difficult.

The winter months are a time when life can get expensive. The colder weather, festive season, and the end of year bills, can all creep up on us very quickly.

For those of you who have been saving a little money during the year, unexpected bills may be easier to cope with. However, for thousands of hard working people, sometimes the money they have does not cover everything, and when this happens, accessing a short term can be a huge help.

Having access to short term forms of credit can be extremely useful in an emergency. Payday loans are simple to apply for and for many successful applicants it is a quick procedure too. The application process often takes less than an hour. Even if you have savings, sometimes it helps to be able to borrow a little extra.

If you are considering a payday loan to help you get through a shortage of cash, make sure you understand your rights and responsibilities. Knowing how the loan works, and when it needs to be repaid, will help you to have a more positive experience of this type of credit.

Think carefully before agreeing to a Payday loan. Always choose your lender with care, and ensure they are a responsible lender operating under the OFT guidelines. This will give you the protection and reassurance that you will be treated fairly while you are a borrower.

By working out exactly how much the loan will cost you, and being certain you are able to repay the full amount on the agreed date, you will have no problem using this form of credit. As a result, a Payday loan is more likely to be a positive experience for you.

Payday loans are not recommended if you are already struggling with debt. If you have long term financial problems, it may be better to speak to a credit counsellor, or access professional advice on how you can tackle your debts. Using new loans to repay older debts is a risky exercise and can lead to further debt problems in some cases, so it is always best to be careful and consider your options.

The reputable lenders will be happy to answer your questions so you can decide whether this form of credit is right for you.