There’s simply no getting away from the fact that Christmas is an expensive time of the year. No matter how carefully you spend the rest of the year budgeting, it’s still all too easy to feel as though your finances pretty much run out of control in the final few weeks of December. Feeling stressful about debt and a shortage of cash is no way to start the new year, however, which is why we would advise anyone with numerous separate debts to think about coming to PCCU to arrange one of our consolidation loans.
When attempting to buy everything you feel you needed to buy for Christmas there’s every chance you may have had to borrow some money. There’s nothing wrong with this, of course, since stagnating wages and rising prices mean that more people than ever are finding it difficult to fund things which they might once have found it easier to afford. Before you know it, however, once you’ve bought gifts for your family, extra food and drink and perhaps offered hospitality to relatives from other parts of the country, you can find that you owe repayments to several different lenders.
From credit cards to bank overdrafts and high street lenders, different creditors will have different terms, interest rates and repayment conditions, and keeping on top of them all can be more than a bit confusing. The real issue, of course, arises if this confusion means you miss a payment or two. Before you know it you’ll be paying charges and your debts will be spiralling out of control. Avoiding this all too common scenario is just one reason why our consolidation loans are such a good idea.
Taking out a consolidation loan will allow you to clear all of your outstanding debts in one go, leaving you with just the one regular repayment to remember. Even better is the fact that, by coming to PCCU, you’ll be borrowing from an ethical lender able to offer interest rates that are as low as possible and are exactly as advertised. Unlike some lenders we don’t have external shareholders to pay and bonuses to rack up. We’re a not for profit organisation and our consolidation loans come without hidden charges or expensive small print. We’ll make sure we set repayment amounts you can afford, and some of each payment will be added to your savings, allowing you to build them up as you clear your loan.
When you apply to us for a loan you’ll be dealing with a human being, not a faceless voice at some distant call centre, and we always aim to come to a decision within a couple of working days. If the answer is yes, the money will be paid into your account instantly, leaving you free to clear your debts and look forward to starting the New Year free from the worry of repaying varied amounts to different lenders. If the post-Christmas payment demands and credit card bills are like a financial hangover, then we like to think our consolidation loans are the best hangover cure that there’s ever been.