Friday, August 14, 2009
Category:
Consolidation
According to MoneySavingExpert.com, 18 percent of couples anticipate that a week’s holiday in a foreign country will set them back between £402 and £1,002.
As a result of this survey result, travel experts are recommending that holidaymakers use a prepaid card in order to make savings on their travel money. Considerable savings are said to be possible with prepaid cards compared to standard methods of payment, such as travellers’ cheques, debit cards and credit cards.
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Homeowners who are faced with multiple credit card bills following holidays, could consider tying these up with a secured loan for debt consolidation. One of many finance options available, a secured loan could create just one single monthly repayment as opposed to juggling several. In addition, this new monthly repayment could even be lower than total existing outgoings, thus freeing up a little money each month. However, when taking out a secured loan to consolidate debt, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
