A payment holiday feature is where a lender allows the borrower to miss an agreed number of payments without incurring financial penalties. Not all agreements allow this and you will alomost always pay extra intrest or fees fro this privilege.
Why not apply for a personal loan to consolidate all your outstanding debts and only have one monthly payment to organise? This could be especially beneficial if you are paying high interest rates on your existing commitments and the consolidation loan rates are of less cost.
A record of every loan application is left on your credit score, and lenders may look unfavourably on you if you apply for a number of loans over a short period of time.
Do you know you can check your credit rating for a nominal fee using a credit reference agency like Experian, Checkmyfile or Equifax.
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