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Freedom reports increase in holiday loan applications
The loan broker platform claimed that the combined value of approved holiday loans in June was more than £5.5m, compared with £4.5m in June 2016.
The cost of a European holiday has been affected by the significant post-Brexit fall in the value of the pound, and the continuing political uncertainty could weaken sterling even further.
Brian Brodie, chief executive of Freedom Finance, said: “Holiday loans are one of the top four reasons people apply for finance and it is clear that people aren’t ready to forgo a break in the sunshine, despite the rising costs.
“Over the last 12 months, Freedom Finance has helped thousands of people to access personal loans totalling more than £200m.
“I am delighted that we have helped so many people go on their dream holiday."
The platform has now launched a competition offering six people the chance to win a £2,000 prize just by sharing how the cash would help them to fulfil a dream.
The #DoWhatYouLove competition will run for 12 months from 1st June 2017 and will be open to anyone who submits the simple online form at: http://freedomfinance.co.uk/do-what-you-love
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