4 Reasons to Secure a Personal Loan for the Holidays


As the holidays approach, you may be feeling the financial pressure that comes with purchasing gifts, traveling to see family, and participating in all the extras that seem to pop up this time of year.

If you had things come up throughout the year that prevented you from saving for the holidays, it can feel like there is no way you can afford all the extra costs that come with the holidays. And, if you have bad credit, it may seem like any type of financing is out of the question. Before you give up hope for getting the money you need this holiday season, consider getting a personal loan. There are holiday loans bad credit available that can provide you with some financial flexibility this time of year. A personal loan from a lender like Tio Rico is a great option because this type of loan provides a fixed payment, predetermined loan amount, quick approval, and is available even with poor credit.

1. Fixed Payment
A personal loan can provide you with a predictable repayment plan. When you take out the loan, you will know the payment amount right away and have a fixed payment going forward. This design makes it easy for you to incorporate the repayment into your current budget without having to worry about surprises in the future.

2. Predetermined Loan Amount
A personal loan can provide you with a predetermined loan amount. This allows you to create a spending plan for your holiday expenses. When you know exactly what you have to spend it makes it easier to prioritize your purchases and expenses.

3. Quick Approval
Life is busy and it can feel like the holidays sneak up on you. If you need to get access to money quickly, a personal loan is a great option. This type of loan does not have a long, extended approval process. In fact, you can get a personal loan in as little as 30 minutes if you have some basic documentation. In order to get approved for a personal loan at Tio Rico you need to have a vehicle registration in your name, be over the age of 18, have government-issued identification, have a checking account, a recent paystub, and a debit card.

4. Available Even with Bad Credit
If you have bad credit then you may not think you will qualify for a personal loan. There is good news! You can get holiday loans bad credit from a lender like Tio Rico. Tio Rico can qualify you for a small personal loan even if you have a less-than-perfect credit history.

A personal loan may be just the thing you need to alleviate some of the financial pressure that comes with the holidays. You can get the process of applying for a personal loan started online and finish up in person by visiting one of the Tio Rico locations throughout Arizona.