As the downturn continues to bite, many people are cutting back on their Christmas spending or cancelling Christmas altogether- and many feel less than optimistic about the coming year too: A recent study by insolvency experts R3 found that of 2,005 British adults surveyed a third believed their financial situation would get worse over the next six months and 60% were worried about their current amount of debt.
A press release from Think Money, a leading financial solutions company, looks at ways to enjoy Christmas on a tight budget but warns that things may still be tough for people with existing debts. One of the solutions available on the Think Money website is a debt consolidation loan that consolidates unsecured debts into one lower monthly payment, making debts more affordable and simpler to manage.
If you’re so worried about your finances that you’re considering cancelling Christmas this year it may be worth talking to a debt adviser. You may find that having a solution in place means you’re able to enjoy Christmas after all – and have peace of mind that your finances are back on track.
Tags: Loan, Unsecured debt, debt, Study, Think Money website
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