Do you remember your childhood memories of Christmas? The feeling of waking up early in the morning and seeing presents under the Christmas tree was a feeling that will stick with you for the rest of your life. Where did all these presents come from? Santa Claus, of course!

The truth is, however, that those presents don’t just drop out of the sky! The holidays are the most expensive time of the year — you’re buying gifts left and right, spending more and more cash each day leading up to the holidays. That’s when things become more and more difficult for you, especially when you are low on cash. 

Do you wish you had some extra cash on hand?

The average spending for the holidays in 2015 is approximately $800. In fact, it’s been shown that Christmas spending is “higher among households with children,” with the average spending being nearly $1,100. If you factor in everything else that piles up toward the end of the year, such as bills and unexpected expenses, that’s a lot of money that is required of you!

So, what are some of your options? Well, you likely have credit cards that you rely on, but what is that really your best option? That’ll depend, on interest rates and a whole lot more, but if you haven’t considered an online personal loan, perhaps you should.

Online Personal Loans Cash for the Holidays

If you are in need of additional funding within the range of $15,000, you can rely on an online personal loan. These are no-collateral loans, which means you aren’t putting up any property or assets as a way of obtaining your loan. They can be used in a variety of ways, including unexpected and unplanned expenses, medical and dental bills, and even shopping for the holidays.

What are the minimum requirements for a personal loan?

The requirements vary based on lenders, but the following are minimum requirements that are standard:

  • 18 years of age or older
  • S. Citizen
  • Checking or Savings account with Direct Deposit
  • Regular income of at least $1,000 per month
  • Fair credit rating
  • Must not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps, or Navy (or a dependent thereof), serving on active duty under a call or order that does not specify a period of thirty days or less

Please use online personal loans responsibly. These loans shouldn’t be used for paying regular bills.

 

 

Citations:

 

AOL: http://www.aol.com/article/2015/11/28/from-spending-to-celebrating-the-2015-holiday-season-in-25-stat/21272137/


Gallup: http://www.gallup.com/poll/186620/americans-plan-spending-lot-christmas.aspx

 

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