Citizens Advice: Be careful when taking loans at Christmas
www.moneynews.co.uk > Debt > Citizens Advice: Be careful when taking loans at Christmas
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Money News |
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Citizens Advice: Be careful when taking loans at Christmas
Wed 3rd Dec 2008
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According to the advisory body this year has already seen a 35 per cent increase in the numbers of people having problems paying off their loans and mortgages and the post-Christmas period is likely to see a further surge.
Citizens Advice warned customers to read the small print on any loan agreements carefully and to try not to shop on the overdraft too much.
John Rhodes, head of financial capability at Citizens Advice, said: "It's all too easy to overspend - there are tempting offers and pressures to buy, but you must decide how much you can afford before you start spending."
Last week the government unveiled a 2.5 per cent cut in VAT, a move designed to make Christmas shopping more affordable.
Click here for more personal loans news
Related News : Debt |
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Related News : Loans |
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