Loans or cards? Guide to Surviving Christmas ExpensesOn August 19, 2019 by Ann Burgoyne
Christmas expenses increase year by year, but there are still many Spaniards who cannot meet these extraordinary expenses without requesting a personal loan or pulling a credit card. Which is the best option?
Personal loans and credit cards for christmas
Gifts to family and friends, weekend getaways, trips, dinners and meals … Christmas is just around the corner and soon we will start spending more than we surely should to cover all the activities and gifts that we will carry out. When dealing with extra payments, we have several options, although the most used so far are personal loans and credit cards.
If we need extra money for this Christmas, pulling a credit card or requesting a loan from a lender can be more expensive than we think. The commissions of both can get very expensive the final result of our purchases and events, so it is very important that we study our needs and the characteristics of the products offered by the market.
When shopping with our credit card, we have to take into account the interest we must pay if we choose to finance the payments using the ‘plastic money’. Depending on our bank and the type of card we have, the conditions of the card can vary greatly.
Personal loan to meet Christmas expenses
If we choose to request a personal loan to meet Christmas expenses, we must distinguish between loans and micro loans. The former are often more difficult to grant by banks, which ask for many requirements, while micro loans or fast loans are indeed much faster, but they also have a much higher cost in the long run.
The Crowdlending system of AJ Raffles allows you to access a personal loan, granted by several investors who choose your project among all of the web, with much more advantageous conditions than any credit institution can offer you. If you are thinking of requesting a loan or throwing a credit card this Christmas, contact us first, to discover the new financing system from person to person.