According to recent studies, 19% of families experience financial concerns when it comes to paying for a funeral, needing to find around £2000 extra to cover all the costs.
Many find the money they need by delving into savings, using a credit card, or borrowing from a friend or relative. However, there has been an increase in the number of people paying end of life costs by taking out a loan.
Despite the challenges faced, it’s positive to see that people are finding ways to cope with the costs of a funeral. Taking out a loan may seem daunting at first, but it can be a practical solution for those who need to cover expenses without dipping into their savings or risking their financial security.
Funeral expenses can be a burden, but with responsible borrowing and careful budgeting, it’s possible to manage the costs without adding to the stress at an already difficult time.
Launched in 2016 by finance and funeral experts, provides simple, accessible and affordable finance for covering funeral costs.
To be understanding, responsible and transparent lenders
They understand the financial strain a bereavement can cause and aim to ease that strain so you can concentrate on the important things and remember a loved one in the way you wish.
Transparency is at the forefront of all we do. You make the decisions that are right for you and you have your own login area to manage your loan on an ongoing basis. They will offer you as much or as little assistance as you require allowing you to make informed decisions based on facts.
Regulated by the Financial Conduct Authority (FCA) they are also governed by an independent supervisory board.
Always remember, borrowing is based on creditworthiness and ability to repay. Funeral Safe only lend to people who can afford to repay their loan without putting themselves in any financial difficulty.
Visit Funeral Safe on Funeral Directions below