How could it be that time of year again? Yep, Christmas is right around the corner, and so is the mad dash to get your holiday shopping done. Perhaps you have already outlined your gift-giving plans, carefully studied all the stores, and have a plan of exactly how and when you will strike in order to get the best deals. Everything is in place, except for one key item: your current funds don’t align with your great plan. Not to worry, there are other options. There are plenty of Christmas loans available to you depending on your credit.
Secured Christmas Loans
One of the least desirable options is a secured loan. This is the type of loan where you need to put up some collateral which secures the cash that is loaned to you. Secured loans are available in many forms, with the most common being a car title loan or obtaining cash from a pawn shop.
Unsecured Christmas Loans
In contrast, an unsecured loan does not require any collateral but instead usually depends on your credit score. The higher your score, the better rates and terms you will find, as well as higher amounts that you can borrow. Even some folks with horrible credit can qualify for an unsecured loan most of the time, especially if they are employed. Most of these types of loans will come in the form of a short term, high interest payday loan.
Credit Card Cash Advance
Most credit cards offer a certain amount of available credit which can be used as a cash advance. But if you decide to use this method to acquire Christmas loans this year, be very careful of the higher interest rates usually associate with utilizing this cash. Depending on how quickly you plan on being able to pay the amount off, this option could end up costing you quite a bit.
Turning to LoanNow to help boost your holiday budget is an excellent option for many borrowers. We do not require you to provide any collateral, and you won’t be faced with having to pay back the loan in two weeks like you would with a payday loan. Instead, LoanNow offers fair terms to people with a less than perfect credit score. And we give you months, not days, to pay the loan off.
This holiday season, think of LoanNow for your Christmas loans or other financial needs. We would love to help make your holiday merry and bright!