Vacation Loans From LoanNow – Easier, Faster, and Better
While saving for a vacation is ideal, vacation loans can be a practical alternative if you borrow from the right lender. Banks and credit unions offer the best interest rates for customers with excellent credit. Other responsible lenders, including LoanNow can provide a vacation loan for borrowers who might have trouble qualifying for bank loans. Why not give us a try today?
Vacationing on Plastic
As an alternative to vacation loans, you could charge all expenses to one or more credit cards. However, credit cards are revolving debt, with interest charges added to the outstanding balance each month. Unless you have a 0 percent APR for your account, you could be paying for your vacation for months or years after you return.
Travel Courtesy of Uncle Sam
Many people eagerly anticipate receiving their tax refunds. Financing your vacation courtesy of Uncle Sam can allow you to avoid taking a vacation loan. But tax refunds are not like a bonus or a gift. They’re actually interest free loans that you make to the federal or your state government. Looking at things that way should make getting a big tax refund less desirable.
Cashing in on Your House
Back in the day many people treated their homes almost like live-in piggy banks. Home equity loans were an extremely popular way to finance weddings, home remodeling projects and, yes, vacations. It’s one thing to take a home equity vacation loan to finance a trip for a family reunion to visit with relatives that you might not ever see again. But borrowing against your home for an ordinary vacation is a move that you could very well come to regret.
Payday Loans? Just Say No
If you have marginal credit, getting vacation loans from a bank is a long shot. On the other hand, payday lenders prominently advertise vacation loans with no credit check. Don’t be fooled. Taking a payday loan for any reason is an unwise move. Taking a payday loan a vacation is especially unwise, if only because you will likely have to begin paying for the loan before you return from your trip – or maybe even before you leave!
The LoanNow Alternative
A vacation loan from LoanNow is convenient. We make a decision and provide your funds within hours or days, not weeks. We look beyond your FICO score in making lending decisions – we often say yes when banks say no. Our repayment plans are structured with manageable monthly payments. You don’t have to max out your credit cards nor is there the need to sacrifice the equity in your home. With LoanNow, you’ll be packing your bags in no time!