Warning On Festive Spending with a Painful Kick in the Tail

Summary

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MILLIONS of people risk potential bankruptcy after plunging into debt to fund their Christmas spending, insolvency experts have warned.

Almost four million people in the UK have already gone into debt to pay for this Christmas, according to research published today by insolvency trade body R3. It also found that more than six million Britons fear being unable to pay their next monthly bills because of festive season overspending, while almost three million admit they are still paying off debts that built up last Christmas.

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Extract

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Warning On Festive Spending with a Painful Kick in the Tail

Eileen Maclean, R3 spokesperson for Scotland, predicted that for many people struggling to make ends meet, Christmas co...

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