The Power of Payday Loans at Christmas
The festive season is upon us and happens to be one of the most expensive times of the year for all of us. Whether you have a large family or keeping it simple this year, everything seems to cost more as Christmas Day approaches.
With that in mind, payday loans at Christmas offer a simple way to help cover the cost of Christmas. Giving you extra funds to make sure this is a year to remember.
But please remember not to overstretch your finances at this time of year, only borrow what you can afford to pay back and remember that borrowing £150 on a payday loan for 30 days is cheaper than going overdrawn in most banks!!!!!!!
What are Payday Loans?
A payday loan is a financial product that enables you to borrow a small sum of money over a short period. Usually, they are paid off by your next payday.
Payday loans are unsecured meaning they are available to people who have a fair credit score. They’re designed to offer a quick fix of cash to help you until you have been paid.
We believe that they can be beneficial for different situations. They are a way to help people when they need cash for an emergency. For example, medical emergencies or for when the car breaks down.
Payday Loans at Christmas
The power of payday loans at Christmas can be very powerful. They offer a quick and easy solution to not being able to afford this festive period. Which makes them very tempting to people who would love for their financial stress to disappear for the festive time of year.
Due to payday loans being portrayed poorly in the media, you might have adopted the belief that they are unhelpful. But, did you know that payday loans have benefitted millions of people around the globe when they are used properly and responsibly
The Price of Christmas – Can you afford it?
As Christmas is fast approaching, most of us only have one payday left before the expensive festive period begins. Christmas is a very pricey time of year. According to GoCompare, the average British family spends around £719 during the festive period. But, have you done enough saving throughout the year to be able to comfortably enjoy Christmas without the stress of finding money or overspending?
Food & Drink
In 2018, on average £172 is spent per family on festive food and drink in the UK. Adding to this, ‘The Sun’ recently released an article on how Christmas dinner could be even more expensive this year as the cost of frozen turkeys jumps 11%. It seems like the price of Christmas is going up and up!
Gifts & Presents
Along with this, the price of all our Christmas presents adds up to a hefty amount. According to Finder.com, 12.6% of people turn to payday loans to be able to afford to purchase their gifts.
Additionally, the decorations add up to a large sum of money, a Christmas tree alone can cost over £100. However, this depends on what type of tree you’re wanting. Some real trees can be re-potted. This makes the price worth it because you will be able to re-use the tree year after year. This option may seem the best because it prevents people from buying artificial plastic trees which will end up in landfill, damaging the environment.
How Payday Loans can help
Here at BingoLoans, we believe that everyone should be able to relax and have fun at Christmas without the worry and the stress over money. That’s why payday loans are so helpful especially around this time of year.
The advantage that BingoLoans holds over many other companies is that we are a lender and a broker so we are almost certain that you will be offered the loan you’ve applied for. This means that once your application has been accepted, you will receive your loan quickly. Therefore, you’ll be able to spend it on the essentials when you need too.
Do you think that a Payday Loan is a good option for you this Christmas?