Dealing with Christmas debt can be a bitter pill to swallow, however, there are some simple steps you can take to lessen the pain.
The pain is not helped by the fact that many of us are still paying back money borrowed from last Christmas.
A national survey by MoneyExpert.com found that one tenth of adults, ie 4.4 million people are still in the red from over 12 months ago!
Top 5 tips to try and get on top of your debt:-
- Don’t take on too much debt to begin with
- At least make the minimum payments on your credit card
- Look at the different payment options available to you
- Sacrifice any savings to pay your debts
- Always seek advice
Sarah Walford at revivalforyou.co.uk says “the best thing to do if you have money worries, is to seek free, independent, no obligation advice before it’s too late – Don’t bury your head in the sand – We can help!”
4 Jan 2008