Deal with your Christmas Debt ASAP and Avoid Spiralling into even more Christmas Debt Next Xmas

Jan. 6, 2012 - PRLog -- Christmas debt can end up affecting most people as they look to pursue the perfect Christmas for their family and friends and with one in ten people likely to still be paying of their Christmas Debts next year, take measures to try and clear debt now.

“The first week after Christmas you should sit down and examine exactly what you owe and who you owe to, this way you can get a firm idea of what you are paying out each month and if you will have to make any drastic cut backs to your spending,” said James Jones from Poor Credit Loans 4 You.   http://www.poor-credit-loans-4-you.co.uk/poor-credit-loans.html

Drawing up a budget is a vital part of helping yourself get out of Christmas debt quicker. If doing one yourself, you should prioritise any repayments that could result in you losing your home or essential items or services etc. Make sure to be disciplined, get your budgeting plan sorted and don’t borrow any more money.

“Many people have debt on certain cards that can have a massive rate of interest, if this is the case with you, you may be able to find a different provider that will offer you better rates, cutting down the time it will take you to repay. If you have more than one credit card, consolidation may also be an option for you and will help cut back on costs. Also a lot of people make purchases using store card, so it is highly recommended that if you have any debts on these, you should pay the debts on these first as they generally carry the highest interest rates,” said James Jones from Poor Credit Loans 4 You.  

With Christmas debt potentially sucking away at your income, the last thing you want to be doing is paying any unnecessary extra charges on utility bills, or paying more than you should be.

Switching energy supplier could save you up to £360 or more a year if you look around properly and do your research.

The Majority of people are also with high street banks and if you are one of them, this probably means you are not getting the best interest rate or overdraft fees available to you; there are many alternatives to banking on the high street, such as internet banks that could potentially save you money.

If you still find your self struggling and are in massive amounts of Christmas debt or other debt, there is plenty of help and advice available out there such as Citizens Advice, National Debtline, CCCS and the Money Advice Trust and they can negotiate with the lenders on your behalf.

“Be wary of adverts from debt management companies saying the could help you manage your debts, as many people do not realise the high fees and interest levels that are charged by some of these companies,” said James Jones from Poor Credit Loans 4 You.

Poor Credit Loans 4 You helps out people who fear they have been blacklisted because of past poor credit history which could include CCJ’s, defaults, arrears, late credit card payments or repossession.

Poor Credit Loans 4 You holds a Consumer Credit Licence issued by the Office of Fair Trading.

The Financial Ombudsman also covers Poor Credit Loans 4 You.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

For help, phone 0800 215 5860
Or visit:  

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Notes for Editor:
Loans 4 You of London Ltd
Innovation Centre
Monks Brook
PO30 5WB
United Kingdom

Poor Credit Loans 4 You was formed in order to ensure people with poor credit had access to specialist help in securing the poor credit loans they need.

From its UK head office in Monks Brook, Loans 4 You operates across Britain, sourcing poor credit loans for people.

Poor Credit Loans 4 You hold a Consumer Credit Licence issued by the Office of Fair Trading.

Poor Credit Loans 4 You is also registered with the Information Commissioner’s Office for Data Protection.

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Poor Credit Loans 4 You is a top UK specialist for Poor Credit Loans for people from all over the UK.

Its wealth of experience in the Poor Credit Loan industry means it gets the best deals for people seeking a poor credit loan.

Poor Credit Loans 4 You