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The Trouble With Travel Loans - Consumer Reports
Companies such as Affirm and Uplift are making it easier to finance your next dream vacation. But know what to watch for.
The CEO of Uplift, a startup that offers short-term loans for vacations, spoke to the holiday and winter getaway dreams of many when he took the stage about a year ago at an annual travel industry conference.
"Uplift gives travelers thousands of dollars in a fraction of a second,” Brian Barth said.
There’s no question that Uplift, a company that offers only travel loans, makes it easy and fast for consumers to tap a line of credit for taking a trip. It's integrated into the checkout process of several major airlines and online booking agencies including American, Spirit, Southwest, and Kayak. Earlier this month, Uplift announced it had raised $250 million of fresh capital and added United Airlines and Carnival Cruises to the brands offering the company’s loan product.
Companies such as Affirm and Uplift are making it easier to finance your next dream vacation. But know what to watch for.
The CEO of Uplift, a startup that offers short-term loans for vacations, spoke to the holiday and winter getaway dreams of many when he took the stage about a year ago at an annual travel industry conference.
"Uplift gives travelers thousands of dollars in a fraction of a second,” Brian Barth said.
There’s no question that Uplift, a company that offers only travel loans, makes it easy and fast for consumers to tap a line of credit for taking a trip. It's integrated into the checkout process of several major airlines and online booking agencies including American, Spirit, Southwest, and Kayak. Earlier this month, Uplift announced it had raised $250 million of fresh capital and added United Airlines and Carnival Cruises to the brands offering the company’s loan product.