What are the best alternatives to finance Christmas shopping – CVBJ



Updated Friday, December 3, 2021 – 12:00

The Christmas holidays are fast approaching and with them come the spending on gifts, dinners… Choosing the best option to finance these expenses can make the difference between ending or not in a healthy economy.

The most convenient option for Christmas shopping is the credit card.

Christmas is short on time and spending on gifts and dinner is on top. However, it is still possible to take advantage of best financing offers for purchases on these dates. Now, knowing how to choose the cheapest option can make the difference between ending the year or not with a healthy personal economy or overindebted, they explain from the financial comparator HelpMyCash.com.

There are financings that are better suited depending on how much money you plan to spend and where the purchases will be made. The most convenient option is the credit card, since it can be used anywhere and pay at the end of the month without interest or postpone specific purchases for several months. However, you have to be careful because the interest is high. If you choose to split purchases, you should try to finance a small amount and return the money quickly.

If you don’t have a credit card, there are quick online loans like Direct Credit Cofidis, which offers up to 4,000 euros. It can be taken out 100% online without any commissions and without having to change banks. It has a similar benefit to cards, so it should be used responsibly.

On the other hand, some stores and department stores offer their customers the payment in several installments of purchases in your establishments. Usually they require a minimum amount and you must have the establishment’s credit cards or finance through internal or external finance companies with which you have an agreement. The great advantage of this type of financing is that although they have to rent a merchant card, they often offer financing without interest or commissions (0% APR). So if you are buying from a store that offers this option, this may be the most suitable option.

Another alternative is the pre-granted personal loan. It is a personalized bank financing product for clients with a good financial profile. Both the amount and the interest rate are pre-established by the bank after the client risk analysis carried out by the entity. At HelpMyCash.com they recommend this funding method when you can’t go for any interest free finance, want to spend more than a thousand dollars and pay them back in several months because it is cheaper than credit card. Most banks notify their customers if they have pre-approved credit through the app or online banking.

In any case, HelpMyCash.com advises you to go through all the financing options and conditions, compare and choose the most suitable.

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