Fall is a beautiful time of year but it can also be an expensive one. From back-to-school shopping sprees to prepping your home and car for the colder months, fall can bring a great deal of financial pressure. Tackling these costs can be overwhelming, but getting a personal loan can take you a long way toward successfully managing these seasonal expenses.
Common Fall Expenses
Back-to-School Shopping
The return to school often means a return to your local Target or Walmart for school supplies, new clothes, and, now more than ever, expensive electronics. If your child participates in extracurricular activities, you may also face fees for sports equipment or other specialized gear.
Car Maintenance
As fall and winter approach, it’s more essential than ever to ensure your vehicle is prepared. When was the last time you changed your oil? Or your wiper blades? Or got new tires? Routine maintenance like this can quickly add up. And addressing any issues before the great outdoors turns not so great is key to knowing there’s a safe driving season ahead for you and your family.
Home Maintenance
Fall is the ideal time to prepare your home for winter. Gutters will be filling with leaves. The coming cold snaps mean your furnace will be working harder than ever, sometimes round the clock for days on end. Small animals will be looking for safe harbor from the weather, as well, and may end up as unwelcome house guests. In short, there can be a lot to do this time of year—work that’s unwise to put off—with associated costs that can easily get out of control.
Holiday Preparations
Your blogger is already having conversations with family members about Christmas gifts, and it’s not just the kids. You may be having such startling discussions, as well. Though it may seem early, holiday shopping—and holiday travel plans—often start to pick up steam in the fall. And whether it’s booking flights to see family or buying gifts, it’s never a cheap time.
The Benefits of a Personal Loan
Flexible Financing
Getting a personal loan can provide you and your family with the capability to cover a wide range of not-to-be-put-off expenses—from school supplies to car maintenance to holiday shopping. Whether your monetary needs are large or small, one of the benefits of a personal loan is that it can be tailored to meet your specific situation. At Bay Country Financial Services, we’ve always focused on working side-by-side with our customers to provide them with loans that meet their needs with payments they can successfully manage.
Fixed Monthly Payments
One of the primary benefits of a personal loan is the ability to simplify your budgeting with fixed monthly payments. This allows you to plan ahead, knowing exactly what your payments will be over a set period, without the risk of interest-rate fluctuations.
Choosing the Right Personal Loan
Loan Terms
When considering a personal loan, it’s important to compare loan terms such as the duration of the loan and any associated fees. A longer-term loan may offer lower monthly payments, but you could end up paying more over time. There’s balance to be found, and a good lender will have the expertise to work with you to find that balance.
Credit Score Considerations
For most lenders, your credit score comes into play when you apply for a loan. Here at Bay Country Financial Services, we’re proud to say that in the 30 years we’ve been doing business in Maryland we’ve never used a credit score to evaluate an applicant’s loan-worthiness. We believe that applicants are people, not numbers, and instead make a loan decision based on your ability to repay, your time in residence and job, and the collateral you bring to the table.
Working With a Trusted Lender
Choosing a reputable lender is a crucial part of the personal loan process. Do your research and find a lender that offers transparent terms and strong customer service. A good lender should also be ready and willing to answer your questions. At Bay Country Financial Services, our business was built on a foundation of transparency, openness, and trust.
Should I Get a Personal Loan?
You’ll be less inclined to enjoy fall’s beauty if you’re worried about the expenses that come with it. Getting a personal loan can be the answer, offering your family financial stability by providing the funds you need to handle unavoidable expenses on terms you can manage.
At Bay Country Financial Services, we have more than 100 years of combined expertise and experience helping people just like you successfully navigate the process of getting a personal loan. Learn more about what we can do for you online at baycountryfinance.com or by phone at 410.863.8800.
