Although using holiday loans to pay for overseas property has been popular in the past, experts are urging caution in today’s market before jumping in. The housing crisis is well spread and many areas are deeply embroiled in this issue. For those thinking about getting a holiday loan for this purpose, experts encourage them to […]
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Many Avoiding Holiday Loans
Posted on August 22nd, 2008 by Bright Light
As the housing market continues to decline, many are choosing to forego their holiday loans, opting instead to save their money. Concerns on holiday loans are widespread and for many it is simply easier to stay home and not add any extra debt. This problem is compounded by the fact that many banks just aren’t […]
Consumers Warned Against Holiday Loans and Lifestyle Loans
Posted on August 15th, 2008 by Bright Light
Although the trend towards remortgaging a house to get a holiday loan has been popular, experts warn that this may backfire, now that home values have fallen. This year many have decided not to get a holiday loan and for now, that may be the best strategy.
“Before the credit crunch and dramatic fall in house […]
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