The credit for a trip around the world is not a mundane vacation loan, but a loan amount that is in the four-digit range and will surely have to be repaid over many years. Since everything or almost everything is financed with the help of credit these days, it is no wonder that there are actually globetrotters who believe that they can finance their trip around the world with a credit.
The credit for a trip around the world is a no go
Of course there are always reckless people and it is not without reason that there are such credit offers. But definitely the credit for a trip around the world is something that common sense forbids.
A world trip is only possible if it can be financed from savings or other reserves. A trip around the world is unnecessary, so it is pretty reckless to take out a loan for it.
So far, anyone who has had a relatively safe job and is exempted for their trip around the world, which cannot be taken on a normal vacation, must always count on being dispensable in their company and taking the risk that they will be with next wave of layoffs. How are the loan installments to be paid for a trip around the world?
A trip around the world is certainly the dream of many people who are drawn to the wider world, but you also have to be able to afford a trip around the world. If you take out a loan for this, you are going the wrong way and run the risk of not being able to pay the installments at some point after your trip around the world. It can also be assumed that a trip around the world will only be half as much fun if you have to keep thinking about how long you will have to pay for this “pleasure” in the future.
If you are planning a trip around the world, you don’t even book it that way – you should put money on the high edge for the long term and only fulfill this dream when it can be paid for. Certainly, many banks pay installment loans for free use, so you wouldn’t even be forced to state that you want the money for a trip around the world. But if the bank knew, it would be questioned what the job would look like after the trip around the world.
Credit for a trip around the world is pure recklessness
Who is in debt because of a trip around the world is absolutely reckless. If you now assume the worst case scenario that you will no longer have a job after your trip around the world and cannot pay your installments, then you still have private bankruptcy. Even if you survive the good behavior phase and receive the debt relief at the end of the bankruptcy procedure, the creditworthiness has not been available for years and all because you had to go on a trip around the world that you could not really afford.
It is increasingly a basic problem in our society that there are people who think they have everything and if their own money is not enough, life is financed with credit, so that in the end the creditors are left with bad credit and the decent borrowers, through the higher interest rates, are also contributing to the credit risk of consumers who do not see all of this so narrowly is not only a scandal but also very neglected.