Holiday Skip-a-Pay can really save the day!

The holidays are just around the corner, and if you haven’t prepared your budget for holiday parties and gift giving you may be feeling the pressure.  Looking into your local credit union may help.  Many credit unions offer Holiday Loans and Skip-a-Pay plans.  

A holiday loan is a short term loan to help out with seasonal expenses including gifts, decorations, and even heating oil.   These loans typically come with a low interest rate and can help keep you from using a credit card with a high interest rate.   A Skip-a-Pay program allows you to skip or defer a loan payment for one month; this can really free up some money for the holidays. 

The best way to avoid having to worry about your holiday finances is to start a Club account.  These accounts allow you to make small monthly or weekly deposits throughout the year and in most cases the money is automatically transferred into your checking account at the beginning of October.  Stop by your local credit union and ask how they can help you with your holiday spending.  To find a credit union near you visit www.mainecreditunions.org.