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So you have found the perfect holiday and are already mentally packing your suitcase.

You have no money but putting it on the credit card will not hurt, will it?

Or you could dip into the savings you were keeping for that rainy day.

But people are being warned by Michelle Slade of Moneyfacts not to put more on the credit card than you normally do, no matter how much you want a cocktail on the beach.

"People are a lot more worse off now than they were," she says.

Rather than burn the plastic, consider getting a secured loan to whisk your family away for that much needed break.