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Late and missed payments, along with other external factors, can have a negative effect on your credit score.
Membership fee
2 loans per year
Repay each loan in
Representative APR
Waiting period
Membership fee
2 loans per year
Repay each loan in
Representative APR
Waiting period
Membership fee
2 loans per year
Repay each loan in
Representative APR
Waiting period
Membership fee
2 loans per year
Repay each loan in
Representative APR
Waiting period
Late and missed payments, along with other external factors, can have a negative effect on your credit score.
Holiday loans are essentially personal loans that you take out to spread the cost of your trip, if you don’t have the money to pay for it up front. Sometimes known as a travel loan or small holiday loans, this type of borrowing can help finance a holiday, if travel credit cards aren’t an option.
A loan to cover your holiday - be it flights, your accommodation, or your entire vacation – can help make the cost of your trip more manageable. Generally, with most personal loans you’ll choose how much you want to borrow and how long you need to pay it back, along with the interest rate most suited to your circumstances and affordability. If you’re approved, you’ll usually receive the money in a lump sum, which you’ll be required to pay back in monthly instalments with interest on top within an agreed period of time.
Having a poor credit history can impact what borrowing options are available to you, because lenders will tend to view you as potentially more risky or less reliable to loan money to. If, for example, you’ve missed any payments on a previous loan, credit card, or your rent or mortgage, this could be reflected in a low credit score and subsequently limit your choices.
Finding a holiday loan with bad credit isn’t impossible, but you may find your options come with high interest rates and additional charges that will make your loan more expensive. These costs are usually put in place to compensate lenders for the increased risk of lending to you.
At Creditspring, we take into consideration more than just your credit score and look at a range of different factors, from your ability to pay back the loan to your overall financial situation. Our loans come with no interest (APR Rep 83.1%) and only a low monthly membership fee, making them a more affordable borrowing option, especially if your credit rating is less than perfect.
Yes, you can! Taking a holiday may feel like a luxury when you’ve been budgeting, but we understand it’s important to look at the wider picture, too. Having a much-needed break to refresh and recharge can bring big benefits to our wellbeing, personally and professionally, and a holiday can help do just that. To ensure you avoid a serious case of the holiday blues, though, it’s also important that you’re confident you can afford the repayments when you return.
Whether you’ve been looking for holiday loans online or any type of holiday financing, a Creditspring loan could suit your individual needs and circumstances.
Not eligible for one of our loans yet? We can help you build your credit rating and become more financially stable until you are.
We do lending differently at Creditspring. We’re a finance subscription service, which means all our loans come with no interest (APR Rep 83.1%) and only a low monthly membership fee. Our loans are unsecured too, so you won’t need an asset, such as a house or car, to secure against the money you borrow.
What’s more, our loans are split into two equal and manageable parts – you can request the first part after a 14-day change-of-heart period and then request the second instalment after you’ve paid off the first part in full.
This kind of responsible lending is designed to give you more clarity and flexibility, to help you not only avoid the risk of feeling overwhelmed by a larger lump sum, but also feel in control of your repayments, so you know exactly what you’re paying back every month. This can be especially reassuring if you’re worried about having bad credit and want to improve the way you manage your finances (and build your credit rating!). To be considered, you’ll need to meet our eligibility criteria:
Be a UK resident aged 18 or over
Have a stable, regular income
Have no recent CCJs, IVAs or bankruptcies
Satisfy our affordability and credit checks*
*this list is not extensive
We’ll first need to determine if you’re eligible for one of our loans, and to do so, we’ll need a few details from you. Simply use our free eligibility checker to find out if you qualify.
If you are approved and choose to become a Creditspring member, we’ll let you know within a few minutes. Changed your mind about taking out a loan with us? No problem. Use our handy 14-day waiting period to decide whether you still need the money or not. After that, you can request the funds to be paid into your bank account. Payments are made seven days a week, except for bank holidays.
Did you know that we can still help you, even if you’re not yet eligible for a Creditspring loan? Sign up as a free member and you can access our members-only space packed with smart credit-boosting tips, exclusive partner offers and personalised scores. As a free member, we can also help you become more financially stable until you are eligible for a Creditspring loan.
If you have savings, or can wait to save up for your trip, you’ll avoid paying any interest rates or fees that most traditional lenders charge on top of their loans. Paying outright for your holiday means you won’t be hit with any hidden extras. Credit cards are another option to consider as they usually come with consumer protection benefits, but beware of high interest charges. If you’re eligible, you might think about using a 0% interest credit card, but you should repay what you borrow as quickly as possible and within the 0% interest timeframe set by the lender.
That depends on the cost of your holiday and your affordability, amongst other factors. At Creditspring, we provide small, no-interest loans of between £400 and £2400, which could help you pay for whatever kind of vacation you’re after.
Of course! Whether you’re looking for holiday loans for UK trips or want to venture further afield, once approved, your loan can be used for a staycation, a trip overseas, or something in between. Just ensure you can comfortably afford to repay what you borrow, so you can truly relax when you go away!
