Is it worth it to rest on credit or in installments?

Have you ever thought about going on vacation on credit or in installments? This is an absolutely normal practice, which is used in many countries. We will tell you about its intricacies so that you can evaluate the expediency for yourself. We think you will agree that every person needs to go on some kind of trip at least once a year to change the situation. At the same time, we take a break from ordinary life and gain strength for new achievements. But how can you go on such a journey when you literally live “back to back” in finance all year?

The content of the article 

1 Why is collecting money for vacation difficult? 

2 Method number 1: Loan for vacation in a travel agency 

3 Method number 2: Vacation on credit on your own 

4 Why is a vacation in installments considered a logical solution? 

5 When is the best time to buy tours?

Why is collecting money for vacation difficult? This problem is known to many, because no matter how high your income is, “there is never a lot of money.” During the year, most often there are more important material purchases than emotional ones. For example, we buy not only food, but also personal hygiene products, clothes, or even make quite large investments in new furniture or a service we like. Of course, this is not without the help of advertisers - signs and commercials are quite densely eaten into our memory to make us buy this or that product.

In general, there are quite enough barriers to accumulating money for vacation. But since, as we have already found out, everyone needs to diversify their lives, we want to tell you about what opportunities exist for relaxing on credit or by installments.

Method number 1: Loan for vacation in a travel agency If you are going to purchase a tour from a certain travel company, it is likely that it also issues loans. In this case, this organization simply cooperates with any bank. At the same time, you can arrange a vacation on credit, right sitting in a travel agency - you do not need to run around the banks and collect another set of documents.

There are many examples of such a merger - tourism and banking. This allows customers to arrange tours in installments in just half an hour with a low credit rate. In addition, often the down payment is quite small (10-30%), which allows you to purchase a trip without additional preparation.

In order to arrange a vacation on credit in a travel company, all the documents provided for a visa and the purchase of a tour are suitable. That is, it is necessary to have a guarantor and confirmation of your financial solvency. The travel agency coordinates all the received data with the bank online, so you get an answer on the loan in a matter of minutes.

Method number 2: 

Vacation on credit on your own In this case, you have the right to choose a bank where you can find more favorable conditions for obtaining a loan. Initially, you need to submit an application for consideration, which will indicate the required amount of money. Usually, after consideration, some documents are required to be submitted - that is, you have to run a little. As a result, you get a large amount of credit in your hands, which you can dispose of as you like: either pay for the tour in full, or still leave money for spending on the trip itself.

Quite often, they choose the option of registering a vacation on credit using a credit card. Of course, this method has its advantages: if you issue a multicard, then you can also pay for goods abroad with this money. You will be surprised, but even the smallest shops in Europe accept non-cash payments - otherwise you can save yourself from withholding a commission.

Why is a vacation in installments considered a logical solution? Since a lot of people still stop at buying a ticket in installments, we decided to identify the main reasons that encourage this: Collecting funds for vacation is a long time. The loan amount is often relatively small. The ability to repay the loan amount in a short time is quite real.Indeed, in practice it turns out that it is more convenient for people to give money for a loan when they know for sure that it is “needed” than to save money on their own and, whenever possible, spend it from there on other random purchases. In the end, it remains to choose only the most suitable option for you.