Anyone who has had credit problems might be considering the use of bad credit credit cards in order to finance their holiday.
It is a fact that people generally do pay for holiday spending on a credit card for ease of booking and to enjoy the protection this gives them under the Consumer Credit Act.
Go on holiday with bad credit
Unfortunately, this trend means that someone not in a position to apply successfully for a traditional credit card might find themselves with a problem.
There is light at the end of the tunnel, however. Specialist providers that issue bad credit credit cards may be able to help.
These credit cards often have a lower limit than some cards and so may not be suitable for more expensive holidays, but they can, if used properly help to rebuild the user’s credit profile.
If someone is taking out a credit card solely to pay for the holiday and they make very sure that it is paid off as soon as they return, then this good use of credit may help improve their credit profile, it’s not advisable to take out other credit such as quick cash loans.
It is important, however, that the card is not used for additional spending that may not be cleared when the statement comes in, as the interest rates on these types of cards are exceptionally high in most cases.
Should you go on holiday if you have bad credit?
With some careful planning, the costs of a holiday can be greatly reduced, which limits the chances of further debt arising.
There are lots of great deals available, such as stretching a planned long weekend by an additional day, which can often be free.
If the hotels you are planning to stay in offer free breakfast, then this can be a great money saver. Often, breakfasts are a buffet style and you can eat as much as you want. A filling breakfast may mean that you will not need to buy lunch.
If you are planning to go abroad, check exchange rates before making a final destination decision. The differences between currencies can be staggering and you may get a lot more local currency for your money in one country than in another.
Self-catering apartments can often make a holiday far cheaper overall than paying extra for included meals. Buying and cooking your own food can also give a fascinating insight into local culture that you may not get from a hotel.
If your credit rating being poor has resulted from previous problems with debts, then it might be worth seriously considering whether a foreign holiday is affordable. There are a number of ways of enjoying the holiday season without needing to travel.
Especially during the summer months, many newspapers and magazines offer money off vouchers to all sorts of different attractions. It could be that several family days out may be more affordable and just as much fun as going abroad.
If a holiday is definitely decided on, then there is no doubt that paying by credit card is the most convenient and safe way to spend.
A poor credit rating in the past does not have to mean the end of holiday plans if you have the funds available to go. It just means that holidaymakers may need to start planning earlier to make sure they have the right card for them.