Become Debt Free by Summer

As we get closer to the warmer weather, many of us look forward to relaxed summer breaks forgetting about the pressures of work and our daily lives. However, if you owe money and have a loan or a credit card debt to pay off, it could be far from relaxing worrying about how you will find enough money to pay it back. Instead of looking forward to summer, you might be dreading watching others going away on their holidays whilst you are still repaying off a past debt.

Imagine how great it would feel if you could pay off your debts and become debt free by the summer holidays. You could really make the most of the summer knowing that you didn’t have to worry about your spending or keep an eye on how many ice creams you were buying! So we’ve put together some great tips to help you pay off those debts which means that you can look forward to a restful summer holiday.

Consolidate your debts

If you have borrowed money from a number of sources, this could be adding to your stress. Working to a number of different payment schedules or trying to understand a range of conflicting interest rates can be confusing, and it’s often hard to really see how much you owe and to work out when you can pay it back by. That’s why it can be a good idea to get one larger loan to pay off all of those little debts. Although you still have a loan it is much easier to understand how much you owe and to work out a reasonable payment schedule to make your repayments simple and easy. You’ll feel far more in control of your money too.

Find out whether you have cash in the attic!

Well, it doesn’t have to be an attic but you might find that you have some valuable items hiding in the most unlikely places in your home. Selling unwanted household goods is a great way to make some extra money to pay off your loan in super-quick time. There are a range of ways you can sell, from NCT sales for children’s clothes to large car boot sales where you can barter your prices up if you have a keen buyer! If you don’t have the time to attend a large sale then you can always sell online on a site such as eBay. Save all of the money you make and use it to make extra payment to get that loan paid off early.

Cut down on your bills

If you are planning to make some cutbacks to help repay your debts then summer is the ideal time to do it. As the weather gets warmer, don’t forget to turn your heating off as this could save you a significant amount on your utility bills. You can also swap to using an outside clothes line instead of drying clothes in the tumble dryer which can be very expensive to run. You could try switching expensive children’s indoor activities such as soft play for cost free trips to the park or country walks. These small changes can make a real difference and could be enough to help you become debt free for summer.

So, you can see that by using our handy hints and tips, it really could be possible for you to pay off your loan by summer. If you are thinking about consolidating all of your loans to make repayment easier then why not contact us for information about our loans, which could be the ideal way of helping you to become debt free in the long term.
 
 
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