Thursday, July 27, 2017

Study Finds Americans Using Debt to Buy Experiences, Using Small Personal Loans

Study Finds Americans Using Debt to Buy Experiences, Using Small Personal Loans


According to a new study, Americans are now more willing to go into debt to purchase experiences rather than things. For example, instead of that new refrigerator for the kitchen, people are more likely to use small personal loans to buy floor tickets to that amazing concert. These loans have long been used by people to spend on practical things, and they still have that important role, but now Americans are realizing that it may be worthwhile to occasionally use loans to have great experiences that will create lifelong memories.

Experiences Come with a Time Limit, So Small Personal Loans May Be Necessary


One of the most important reasons that people are turning to small personal loans to fund experiences is because, unlike buying things, these experiences are time sensitive. That great concert is on one particular day, and the ticket sales won’t go on forever. You have to make a quick choice: to wait until you have the money from your next paycheck and risk tickets being sold out, or to get the loan now and make sure you can have that great experience. Sometimes these experiences may be once in a lifetime, like a trip with family. You have to choose the memories with a small amount of debt, or missing out.

Why Small Personal Loans for Experiences?


If you’re interested in having more memorable experiences, but you aren’t fabulously wealthy, you may need to occasionally turn to debt in order to finance them. You have choices, but small personal loans are among the most popular. Our small loans, for instance, are great because they are small. You don’t have to take out a huge loan just to get those $200 tickets. You can get a small loan and be out of debt again in no time. This is a great option for people who are unsure they really want to take the plunge and get a loan for something they don’t technically need. This isn’t for paying the bills or buying groceries after all.

Our Small Personal Loans Are Fast, So You Don’t Miss out


It’s not just concert tickets that are time stamped; as a savvy shopper you may see a great deal and need to act on it quickly. Maybe your dream caterer that you want to use for your wedding is having a limited price reduction if you book now, or you find a great deal on a weekend stay at a big flashy casino in Vegas that you have always wanted to stay at, but the deal ends tomorrow. In these situations, if you’re prepared to spend for your experience, you also need the cash for it in a hurry. We offer small personal loans that are fast, so you don’t have to miss the deal. You can apply now and have the cash tomorrow morning.

Experiences aren’t always things you can save up for, but you can fund them now with small personal loans. While it may not make sense to fund everything in your life with loans, to use them once in a while to have great experiences gives you the chance to build memories that will last forever.