02, Dec, 2020
Gift Loan?

Gift Loan?

Borrow Christmas Gifts? Yes, or rather not? Well think about whether a loan is a sensible way to please your loved ones with Christmas presents.

APRC – Compare loans instantly

APRC - Compare loans instantly

Christmas time has broken out and is no longer like a peaceful Advent with meditation, a sprig of green mistletoe and red apples on a tree. Every day, the advertising pressure of merchants to buy their toys, casseroles, bedding, technology or cosmetics is growing. If you do not buy a mountain of gifts, you should go into the autumn leaves and wait until spring. Today, December is not very idyllic. We stick together in traffic jams, park in stopping bans, and step on our feet in line. We hunt for “something else for my grandmother and aunt Elizabeth”, buy uselessness and kitsch, swear, stress, and sometimes indebt. But is that the right way?

Think! Is this crazy about gifts really necessary?

For gifts with reason

For gifts with reason

You would probably expect us to convince you how wonderful it is to borrow gifts for you, and best of all with us. Cofidis often provides non-purpose loans (whether cash or card) and this means that you can use the borrowed money for anything, including Christmas gifts. But we feel and recommend responsibility in this matter. We believe it is better that your Christmas is not in debt. This is especially true for gifts such as cosmetics, toys, expensive clothing, foreign tours, megaconcert tickets or sports events. In short, goods that are more luxurious than necessary.

If you buy an appliance or a piece of furniture in installments, there is probably no reason to worry. In the end, you usually pay the same amount as if you paid it right away. Just spread your payments into less demanding months. This may be a tactic of how to make better money in the stressful Christmas season.

Sometimes a loan may also be appropriate

Sometimes a loan may also be appropriate

Although we generally do not recommend borrowing Christmas gifts, there are situations that are an exception to this rule. Maybe one brother and family will suggest that you put your parents under something big that they really need. It can be a new kitchen, used car, house insulation, roof repair, or (unfortunately) positioning bed for grandpa. In such cases, a loan can be a meaningful solution even for a Christmas present. Gifts of this type are not only large but also needed and sometimes it is not time to put them away.

It is only up to you to think if the gift is really worth it and if you will not cause any problems later. If your nephew wants to have a drone under the tree, leave it to his parents and think of something more affordable. Instead of offering redundancy loans, Cofidis would rather bring you tips for a nicer and even cheaper Christmas.

 

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