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Loans for Holidays
June 19, 2019

The summer holidays are fast approaching and with this can come in increased financial burden for many people. There is often an increase in the prices people have to pay for various things, including holidays and trips abroad. It is never advisable to consider taking out a loan in order to borrow money to finance one could be classed as disposable activities. Although it is clearly important to enjoy oneself in life accruing debt short-term experiences is never a wise financial move. It would be more feasible for a person to try to save money to pay for any disposable activities or experiences.

A simple rule one could apply to this is if you don’t have the cash to afford it then don’t do it. So why do many companies inflate the fares for the various holidays and leisure activities through the summer – the simple answer is increase profit margins for large organisations; they see that there is a need particular within the United Kingdom as the decent weather will only be here for a short period of time during the summer months. Consequently, they understand that people will balk to go away irrespective of the cost implications. In one sense you can’t blame them for doing this, they have the traffic flow of customers coming in and the increased cost implications makes up for the lack of traffic flow customers large organisations may experience during the cooler months.

Although United Kingdom loans are an introducer of short-term instalment loans, one must always take care considering applying for short-term finance to apply for experiences that will soon be a distant memory!

United Kingdom Loans does not make credit decisions and is not a lender. United Kingdom Loans introduces customers to Nouveau Finance Limited, who match customer's loan applications with lenders on their panel based on the information you provide. United Kingdom Loans may receive commissions for introductions. This website does not directly endorse a particular product or service. Information on our website should be taken as opinion only. Loans for UK based customers only. Loans are subject to status and satisfactory affordability checks. Over 18's only. Default charges may apply if you do not repay on time. Short term loans are not suitable for longer term borrowing needs.

Consumer Advisory:
United Kingdom Loans is a loan matching service. This website will submit the information you provide to a direct lender. Upon a loan approval, a direct lender may require further information from yourself which will be collected after we transfer you to their website or they may contact you via phone or email or both.

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Non Payment Implications
The implications of non-payment of your loan could include adverse details being included in your credit report. This could adversely affect future attempts at securing credit or finance, in additional to further charges potentially being added by the lender. Where you miss a payment entirely, you will often incurr a charge / fee that will be added on to the total amount that you owe. Upon a missed payment, lenders will often try to contact you by telephone or letter in order to recover the funds and they may be able to arrange a new repayment date with you. If you are struggling, or think there is a possibility that you will not be able to meet repayments, Rhumsaa Finance strongly recommends that you contact the lender in the first instance.