Helping Families Reduce Holiday Financial Stress
Blog icon
“For many people, the December holiday season is the best time of year,” states Dave Papeck, senior district manager for online lender AmeriCash Loans. “But the cost of celebrations and gifts causes millions of Americans significant seasonal financial distress.”
A recent report by PYMNTS Intelligence and financial services company LendingClub found that seasonal factors—including fluctuating utility bills, tax payments and special events such as holidays—can impact consumers’ financial stability. PYMNTS is a global leader in data, news and insights on payments and the platforms powering the connected economy.
Events and celebrations, and the holiday spending that accompanies them, were cited as the top fourth-quarter stressor by almost half (47 percent) of consumers in the study. With the last-minute pressure to buy gifts and host gatherings, 36 percent of consumers identify December as the month of the highest seasonal financial distress.
“And many of the available alternative lending solutions would put these folks in a cycle of revolving debt that can be hard to escape,” he adds. “We want to offer these families a dependable resource when cash is needed for holiday expenses or unexpected bills.”
AmeriCash Loans offers installment loans up to $2,500 for customers in Missouri, South Carolina and Wisconsin.
The company’s innovative “Your Money, Your Choice” feature puts the customer in charge of where and when they receive their funds. Customers can choose to have their cash deposited directly into their bank account the same day they apply.
Customers can apply online, by phone at 888-907-4227, or by visiting one of the many conveniently located AmeriCash Loans stores. The application process is quick and confidential, and there’s no credit check.
“The holiday season can be a magical time for parents and kids alike,” Dave notes. “At AmeriCash Loans, we want to help families get the cash they need to make their celebrations memorable and affordable.”
New study finds many Americans struggling with holiday expenses
A recent report by PYMNTS Intelligence and financial services company LendingClub found that seasonal factors—including fluctuating utility bills, tax payments and special events such as holidays—can impact consumers’ financial stability. PYMNTS is a global leader in data, news and insights on payments and the platforms powering the connected economy.Events and celebrations, and the holiday spending that accompanies them, were cited as the top fourth-quarter stressor by almost half (47 percent) of consumers in the study. With the last-minute pressure to buy gifts and host gatherings, 36 percent of consumers identify December as the month of the highest seasonal financial distress.
Families face hard choices during the holidays
For families on tight budgets, celebrations and gift giving are often kept to bare minimums.
“We sympathize with parents who struggle to afford presents for their kids,” says Dave. “But for millions of families, it can be difficult if not impossible to secure a small-dollar loan from a bank or credit union.“And many of the available alternative lending solutions would put these folks in a cycle of revolving debt that can be hard to escape,” he adds. “We want to offer these families a dependable resource when cash is needed for holiday expenses or unexpected bills.”
Making it easy to get the money you need, when you need it
AmeriCash Loans offers installment loans up to $2,500 for customers in Missouri, South Carolina and Wisconsin.The company’s innovative “Your Money, Your Choice” feature puts the customer in charge of where and when they receive their funds. Customers can choose to have their cash deposited directly into their bank account the same day they apply.
Customers can apply online, by phone at 888-907-4227, or by visiting one of the many conveniently located AmeriCash Loans stores. The application process is quick and confidential, and there’s no credit check.
“The holiday season can be a magical time for parents and kids alike,” Dave notes. “At AmeriCash Loans, we want to help families get the cash they need to make their celebrations memorable and affordable.”
About AmeriCash Loans
AmeriCash Loans, with online and in-store convenience for customers in Missouri, South Carolina and Wisconsin, offers financial services including installment loans up to $2,500, with a quick application and approval process.
