Christmas Decor

While some people may save for a good few months for their Christmas shopping money, sometimes emergencies can crop up which can affect your budget. This is how taking out a short term loan can help you, to give you a helping hand when you need them.

Christmas is one of the busiest times of year, and with the rise in popularity of Black Friday and Cyber Monday, a lot of money is spent.

Christmas Presents

Christmas Presents

One of the biggest expenses at Christmas is the presents. Statistics show that 98% of consumers aged over 16 will buy presents during the festive period. Not to mention that over 10% of Xmas shoppers are looking to spend more than £500, and that’s just on gifts!

If you’ve left your Christmas shopping to the last minute, then you may find that payday loans can help. You can stretch your budget that little bit further – so you can give your loved ones the gifts that you want this Christmas. On average, 3% of people will turn to payday loans in order to fund the festive spending.

How Taking Out A Short Term Loan Can Help You…Ease Of Application

One of the reasons why people tend to use payday loans over the festive period is due to easy borrowing. Also with some lenders, the APR is at a reasonable amount. This can be a good option for families at Christmas. Especially those who are looking to make the most of the holiday period.

It can help if you have children who are on their school holidays and you want to spend time out and about with them. If your wallet is a little light and you want to perfect your Christmas spread, a payday loan can help with this too.

Christmas Dinner

You can set a fixed budget and write down what you feel is realistic. If you can’t quite reach that, take out a payday loan for the last minute preparations.


Inevitably, as the weather begins to get colder, there may end up being a few emergencies that will need addressing. In the build-up to the Christmas period, you may need a little helping hand. This is how taking out a short term loan can help you.

As the temperature begins to drop, you may experience scenarios such as freezing pipes. This can lead to a central heating breakdown. A leak or burst pipe in the home or other expenses can catch you out in winter. There are a number of reasons why you may need extra help this Christmas, our short term loans are here to help.

For more information on the payday loans services that Bingo Loans provide, visit our FAQs section, or contact us today.

Generic advice is not a service regulated by the Financial Conduct Authority.