Why to consider taking a loan, to help cover the cost of Christmas?

At Forward Finance, we fully appreciate that Christmas can be a daunting time, especially now with the current financial crisis.

Some people are very tempted to turn to a loan company, to help cover some of the costs associated with Christmas. However when considering using a loan for this reason, it is important to really look at your finances and if the loan and the repayments are affordable to you. If you find yourself struggling with your finances, it can be very hard to keep your kids happy as Christmas to them can often seem a very big deal.

If you are struggling with your current bills on a monthly basis, then taking out a loan is probably not the best solution for you. It worth mentioning that as a long standing loan provider in the region, we understand that it is not easy for everyone, so if you do approach us for a loan we don’t just take your credit rating into account, we will look at what is affordable to you and realistic in terms of the amount you apply for.

A loan at Christmas is not for everyone, it is also not uncommon to see some people apply for a loan to help them cover some of the costs associated with the festive season.

When considering a loan we would always advise, to consider can I afford the repayments?

If I can afford the repayments, how much do I really need to borrow to help cover some of the cost? Never lend more than you need too, be realistic!

Christmas loans can help in several ways. With a Christmas loan they can be taken out over a long or short period of time, so you have time to make the loan work for you and meet the repayments. Many people may use a Christmas loan to cover a range of expenses, such as Christmas dinner or presents. Below are some more examples:

• To alleviate some of the pressure of buying presents that are more expensive
• Use a loan to help purchase a main present, which can be difficult to pay for in one go.
• Christmas dinner is not a cheap meal, so they may use a loan to help buy all the ingredients needed.
• Some people may use the loan to help with the cost of living during the festive period, most parents like to keep their kids active and that normally has a cost associated with it when the kids are off school.

Are you eligible to apply for a Christmas loan?

If you would like to put in an application for a christmas loan with Forward Finance, then all you need to do is contact us through our contact form on our website or call us for an informal chat.

Please be aware so that we can ensure the loan is affordable for you and that you can meet the regular payments, we will need to carry out a credit check. We want to help where we can, so we will work closely with you, to ensure we do our due diligence from our end and ask about your personal circumstances and finances, so we can hopefully be in a position to approve the loan and assist with your application.

One of our team is always on hand to assist, so please do not hesitate to reach out to us for an informal chat and to see if we can help?