Back to school is coming soon, it is high time for parents to prepare. This time of year is the time to buy what will be useful for children to face their new year at school. Needless to say, this often involves significant expenses for families. Fortunately, it is possible to take out a loan to meet such needs.
What are the expenses of the back to school?
The time of the start of the school year assumes several expenses. First of all, the purchase of school supplies is often long: pens, notebooks, books, kit, school bag, sportswear … On average, the price of supplies is estimated at 200 euros for a student who returns to school. college, and 300 euros for a high school student. It is inferior for a child in primary school.
The children grow up so much that back to school involves buying new clothes to get the year off to a good start. To this will be added tuition fees. And for students who live far from the school, you still have to pay the transport costs that correspond to the cost of the school bus or public transport.
Types of credits to finance the return
Consumer credit is convenient for dealing with back-to-school expenses without exploding its budget. Especially since the offers offered by the financial organizations are numerous and varied.
Back-to-school credit is an assigned credit formula advanced by several lending institutions. Parents who opt for this loan must justify the schooling of their children by presenting proof of expenses. This type of credit presents an interesting cost in general.
Another option is to choose the personal loan that unlike the previous formula, does not require proof of use. It is suitable for parents who wish to have more latitude in the use of their credit for back to school. This flexibility, however, has a high cost.
Previous credits require proof of income to reassure the lender of the borrower’s repayment capacity. But is it possible to get a credit for the return to school without proof of income? Revolving credit and social microcredit are two solutions that meet such a need. The revolving credit is suitable for small purchases, but it runs the risk of being quite expensive. The social microcredit is intended for people in financial difficulty. Its amount is often limited and its obtaining is subject to certain conditions.