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With the increasing financial burden placed on parents as the recession continues, having children has been put on the back burner for many. With many cash strapped parents who already have a family turning to pay day and cash loans to make ends meet, and with new high street lenders popping up all the time specialists like Cash Window can provide a lifeline. With short term cash loans available it’s child’s play, simply walk into a high street branch or apply online in minutes and don’t worry about a bad credit history, providing you are in work and have a regular income as sensible lenders the loan company can make a decision on your ability to repay instead.
A Guardian survey in 2011 has revealed that the cost of raising a child has soared to £210,000, from birth to the age of 21, and with the rise of university fees in the UK this can be a daunting prospect. University fees are on the increase and have risen to staggering levels with the average about £9,000 unless your child is educated in Scotland or Wales, and with the cost of accommodation there is little scope for helping your young adult out with their first car and the first rung on the property ladder is even further away.
From your little one’s first day at nursery the financial journey begins with school uniform costs increasing each year, school meals costing on average £10 per week and then there’s the added costs of school trips a few times a year which can be an unexpected outlay. The older the child, the greater the financial burden becomes with the teenage years providing countless financial headaches for parents as peer pressure and growing trends send parents into a borrowing frenzy. With bank loans and overdrafts difficult to come by, high street and online lending is big business for mums and dads with cash flow problems.