Christmas on credit

A recent poll conducted by Comparison site Money Supermarket has revealed that 69% of people are planning to pay for Christmas using credit cards.  The poll, which surveyed 2,700 adults, also revealed 23% will eat in to their overdraftto fund Christmasand 8% will take out a loan.  Perhaps most alarmingly, 7% said they are actually planning to go into the red just to pay for Christmas.

There is a lot of pressure put on families at this time of year to spend money that they don’t have.  If you have an existing debt problem and you are worried about how you’re going to afford to pay for Christmas, please speak to a debt charity about your options as soon as possible.  Taking out additional credit directly before seeking help can in certain circumstances result in some solutions being unavailable to you.

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