Cost of living: Charity warns Christmas debt could take years to repay
Advisers warn of pain to come as a poll for the BBC suggests many have no idea how they will repay…
“Christmas can put great financial pressure on people, causing some to rely on credit and spend more than they can afford. In some cases, this can lead to a debt hangover in the new year that may take many months or even years to repay,” said Richard Lane, from StepChange.
About The Author
