Summer holiday season will soon be upon us and now is a great time to start thinking about where to relax, revive and rejuvenate this year. Whether it’s a family holiday in the sun or you are planning a luxury weekend city break, having something to look forward to can make those dull and rainy days in between seem quite insignificant.
Of course, before you can book your trip you’ll need to think about how you are going to pay for it. If you are lucky enough to have the funds to pay for your holiday outright, that’s great. For the majority of us, however, it’s usually a case of paying a small deposit and then panicking as the date to pay the balance in full edges ever closer.
Why all the smart travellers are checking their credit
You may not have thought about financing your holiday with credit, but many people do. There are many sensible financing options available including 0% credit cards or low cost loans. Many holiday companies also offer a range of financing options that take the pressure and worry out of paying for your next holiday.
Before you decide to opt for a financing deal to pay for your travels, it is worth grabbing a copy of your credit report from Experian CreditExpert. It could make for quite interesting reading. Your credit report is what lenders use to decide whether you are a reliable borrower or whether you will make off into the sunset with their money.
In checking your credit report you can ensure there are no discrepancies and that all information is correct before you go ahead and make a credit application.
Alternative holiday finance options that won’t cost you the earth
Holidays come but once a year, but that doesn’t necessarily mean you have to live like a pauper for 11 months of the year just to experience 2 weeks of wild abandon. Here are some ways you can budget, save and choose sensible financing options that will ensure you aren’t paying for your holiday for the rest of the year.
– Check out the latest 0% credit cards. If you do need to use a credit card to fund at least part of your holiday, you can use a credit card that won’t charge you interest. Credit cards also offer a good level of protection when spending abroad.
– Take a look at the low interest loans that are available. Your bank may offer you preferential rates for being a customer so it is worth checking with them first. Comparison sites are another way to grab a good financing deal.
– Some travel companies are offering financing packages for the holidays they have available and although you may pay a higher rate for these credit options, you can also experience perks such as airport lounge access and free excursions.
Plan your next holiday with confidence. By checking out your credit and tracking down the latest finance and travel deals, you can be the smug one around the pool this year.
Written by Sarah Halloran
