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Get Your Finances Sorted For The Festive Season

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getting ready for the holidays with a holiday loan

Christmas is a joyful time for Kiwis to celebrate with loved ones, but it can also strain finances due to rising costs.

With an average household spending of $1500 during the holiday season, pressures from gift-giving, hosting parties, and food expenses all contribute to financial stress.

Additional factors include year-end celebrations, increased travel costs, potential income disruption from business closures, and back-to-school expenses shortly after the holidays.

There’s no shortage of things to spend money on during the festive season, and unfortunately keeping up with debt repayments can take a back seat to these costs.

Latest figures from credit reporting agency Centrix show more than 450,000 New Zealanders are behind on credit payments.

Centrix’ Managing Director Keith McLaughlin says this is 3.5% higher than this time last year.

“We expect arrears to rise over the summer period, in line with forthcoming festive spending and wider seasonal trends.”

Why it’s important to keep on top of credit payments

planning out finances for the holidays

If you fall behind on your loan or bill payments, this can impact your credit score.

When this happens, you may find it harder to obtain further credit in the future. This won’t just impact your ability to get a loan – it may also make it hard to get a phone or power plan.

In some cases, it can even affect your ability to rent a house.

But it’s not all doom and gloom – we’re here with some good news!

You can get the cash you need to have a wonderful Christmas and lower your loan repayments at the same time!

Let Loansmart help take some of the stress out of the holiday season so you can fill it with fun and adventure.

How to reduce your debt repayments

a holiday loan

One way you may be able to free up some extra cash this Christmas is by paying less for your loans.

You can do this through a Christmas Consolidation Loan. This is a debt consolidation loan that pays off your existing loans and combines them into one new loan at a lower interest rate*.

Because we are a low-cost lender, you may pay less for your loans, freeing up cash for you to enjoy these holidays!

Consolidating your debt is a great way to reduce your loan costs and also make it more convenient – making just one loan payment is much simpler.

You can get the cash you need to have a wonderful Christmas and lower your loan repayments at the same time!

Let Loansmart help take some of the stress out of the holiday season so you can fill it with fun and adventure. 

How do we do this?

a man excited he was approved for a loan

Using our network of low-cost lenders, we may be able to find a better deal for you based on your entire lending situation.

You can get multiple loan options with one application. You choose the one right for you, and you’re away.

With rates from just 9.95%* and loan terms from 6 months to 7 years, trust Loansmart to find a way to get you the money you need while also improving your financial situation.

*Subject to responsible lending checks and criteria

Apply for a Christmas Consolidation Loan Now!