15 March 2005
Financial experts have recommended personal loans as a means for the British public to finance its expected preference of taking several short breaks this year as opposed to one long traditional holiday.
Figures published yesterday reveal that one in three people will take a short trip aboard before July 2005 with 50 per cent of these taking at least one more in the second half of the year.
The survey by Sainsbury's bank also reveals that consumers are hardly holding back on the spending with Paris, Amsterdam and New York amongst the most favoured destinations.
However, while holidays have traditionally almost always been paid for via credit cards, analyst have commented that the restorative power of a short holiday could be undermined if paying for it turns out to be a financial nightmare.
Rather than plumping for a credit card, holidaymakers have therefore been advised to shop around and find a competitively priced secured loan.
Using a loan can mean more manageable monthly repayments and enable a holiday without the financial hangover.
Use uSwitch.com's free and impartial loan comparison calculator to find the loan to suit you.
© 2008 Adfero Ltd
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