NOTRE DAME, Indiana (November 1, 2012) – It’s the beginning of November, which means the holiday season is on the horizon! Retailers have already been flooding media channels with early incentives for this holiday shopping season. According to CNNMoney.com, “cheap-chic retailer Target announced it will match online prices at competitors Amazon.com, Walmart.com, BestBuy.com and Toysrus.com. Best Buy and Toys R Us also said they would match online prices of Amazon, Wal-Mart and Sears.” Consumers don’t have to wait until Black Friday to take advantage of holiday deals. These early incentives drive early spending leaving some consumers feeling unprepared and overwhelmed this holiday season.
To help people feel a little less financial stress during the holiday season, Notre Dame FCU unveiled a 1-2-1-2 Holiday Loan. As its name implies, this $1,212.12 loan is available at only 1.212%APR with a loan term of 120 days – a rate and loan amount that numerically aligns with the abbreviated version of December 12, 2012. NDFCU’s goal was to create an affordable loan option that will help people better prepare for holiday spending as well as put them in a position to take advantage of seasonal shopping deals. Full details are available on their website at ndfcu.org/holidayloan.