Tuesday, February 27, 2007
Category:
Consolidation
An annual survey from American Express Insurance Services shows that the number of holidays abroad is set to rise for the third year in a row.
In total, a 3% rise is expected in all UK and foreign trips including weekend breaks, holidays of more than 5 days and business trips. The most significant rise was in the number of leisure breaks being taken with holidaymakers planning 11% more weekend breaks in the UK.
Reasons given for taking holidays varied, with 31% stating they were simply taking a holiday, 25% were visiting family and 19% were visiting friends. Special occasions, like weddings, were the reason given by 6% or respondents and 4% said they were attending sporting events.
Joanne Field, Marketing Manager, American Express Insurance Services said: ‘Not only are Britons planning more trips both here and abroad, but they are booking more independently than last year.’
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Homeowners who have found themselves using credit cards to cover the cost of increasing holidays, could consider consolidating these debts with a debt
consolidation loan. Debt consolidation loans can be taken over a term of 5 to 25 years and are one of many options to consolidate debt. When using a debt consolidation loan to pay off credit cards, it is important to remember that repaying borrowing over a longer term may increase overall interest charges. With a debt consolidation loan, multiple monthly repayments can be wrapped into one, and you’ll know the exact amount and date payment will be taken each month.
