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 […]
The simple guide to holiday loans
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Consumers Warned Against Holiday Loans and Lifestyle Loans
Posted on August 15th, 2008 by Bright Light
Holiday Loans For Timeshares
Posted on August 8th, 2008 by Bright Light
The practice of using a holiday loan to purchase a timeshare is being debated in banking circles. While many consumers may be tempted to use a holiday loan for this purpose, they are being cautioned to be careful since not all timeshare offers are legit. For those that don’t wish to get stuck paying back […]
Consumers Warned Away From Holiday Loans
Posted on August 1st, 2008 by Bright Light
Although many like to cash in their home equity to get a holiday loan, experts are warning that this year may not be the best year to try that. Negative equity is a very real problem for many and with more value drops predicted, this type of holiday loan has not been recommended. Most consumers […]
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