Travel has always been a luxury. Thanks to trains and airplanes, it has become more accessible, but still, not everyone can travel all over the world. We need money: for flights, housing, food, excursions.
Take out a loan and fly wherever you want
Sounds simple and tempting. Especially if impressions are of greater value to you than material goods. Trying Chinese fast food, meeting the people of India, swimming in Miami are great, and such moments will be remembered for a lifetime.
However, before signing a loan agreement, here are some things to consider:
If loan money seems as easy and quick way to have fun, do not take them. “Emotional” loans are not the best choice. Calm down and calculate the sum you must pay the bank, the number of monthly payments and the interest. Think about transferring money from every salary. Quite sober, especially when you are trying to get vacation loans bad credit that are not of very beneficial conditions.
- Plan a trip in detail to more accurately calculate the amount of holiday loans. Everything matters: food, excursions, parties, cocktails on the beach. Try minimalize expenditure but with a small margin. Coming to another country without money is not a vacation, but an extreme.
- Take into account the loan approval time. If the vacation starts the day after tomorrow, there may not be enough time to get the approval and money transaction.
Vacation loans pay off if:
- you have no strength, no energy, an urgent reboot is required;
- you soon plan to receive a large amount that can be used to pay off the debt.
In other cases, the loans for vacation are a controversial decision.
Why is it better not to take out a loan for a vacation?
- Impressions will go away, debts will remain.
Vacation is rarely more than two weeks. Then you need to return home and work. You will have to pay for what has already passed and will not return soon. You regularly use a car purchased with the help of loans, a washing machine helps in everyday life on a weekly basis. And the vacation will turn into memories.
- The vacation cannot be sold.
If something happens, the car which was bought with loans can be sold. Yes, it will be cheaper than the new one, but if it is still in good condition, it has value; but you cannot sell a vacation.
- It takes a long time to choose a suitable offer.
There are few specialized offers on the market, and the rates are often high. Most often, this is a cash loan with a starting rate of 10% per annum. However, if you take R100,000 and above, the rate ranges from 15% to 22%.
The vacation loans bad credit from travel agencies often have even higher interest rates.
It will be difficult to save money on buying a tour.
With vacation loans no credit check and other borrowing money services you will not be able to choose a hot tour and then apply to the bank for a loan. Until it is approved, the proposal may disappear. Air ticket prices also change regularly. This means that you have to figure out the maximum amount of rest, and then take out a loan. Independent recreation is also difficult – you need to book hotels and tickets at a bargain price in advance. Are you ready to take out a loan to go on vacation in three months?
- Vacation is not an investment or a necessity.
If travel is not associated with health problems, then it is not a vital necessity. It’s like taking holiday loans no credit check and investing them in air filled with aromas – it smells very nice, but will soon fade away.
How to save money and see the world?
It is more beneficial to save money than to use even the most convenient vacation financing no credit check.
- Firstly, you can earn extra money – by finding a deposit with a good rate, issuing a debit card with interest on the balance, and transferring money to it.
- No overpayment of interest.
- You can buy tickets at a bargain price, count on last-minute hot tours and save.
- You can gradually develop the habit of saving a part of your income.
There is also a disadvantage to saving – you will not be able to start traveling immediately. You will need some time to scratch together the required amount of money for this.