Holiday Loans: Finance Your Travel
Not all those who wander are lost. This quote was written by the famous J.R.R. Tolkien for his epic fantasy fiction novel titled The Lord of the Rings.
Travelling gives a purpose and meaning to your life. People who travel often said that they get time and space of mind to introspect their goals and accomplishments in life. Research shows that 60% of the population in the UK took a foreign holiday in the past 12 months, which is the highest figure since 2011.
48% of the people in 2018 took a city break making it the UK’s favourite type of holiday. The average number of holidays taken outside the UK is 1.6 in 2018.
With city break topping the list by becoming the nation’s favourite type of holiday, beach holidays are the second most popular type of holiday taken by the Brits in 2018.
Families are spending on average £415 more in their hotels on top of the original cost.
If one pays the amount of holiday cost by using a credit card, a £1,700 family holiday could cost over £300 extra if one doesn’t pay in full when their next statement arrives.
Budgeting and tracking- Book tickets and hotels early
- Put spending money aside
- Check for discounts & promo codes
There are several benefits of maintaining a good credit score such as having the benefit of being offered a lower interest rate on the loans that one opts for. A good credit score helps an individual to save money on a wide range of services. LoanTube has listed a few tips to help maintain the credit score to be fit and in shape:
Keep paying bills on time. Any bill, if unpaid, could wind up on your credit report.
Refrain from applying for new credit as multiple credit checks also impact the ratings.
Know your credit report inside out. A single error can lead to a drop in the score.
Manage your debt efficiently and responsibly. Lower the debt, higher is the credit score.
