Long after the presents have been unwrapped, the Christmas decorations have been packed away, and the last of the turkey has been eaten, the after-effects of overspending at Christmas can last well into the new year.
Between finding the perfect presents for your loved ones, enjoying drinks and meals with colleagues and friends, and stocking the fridge for a decadent Christmas day feast, Christmas can sometimes feel like a competition.
Under the pressure to give your family the Christmas they deserve, there is a temptation to put these expenses on a credit card or else ‘borrow’ some money from January’s budget. However, in the middle of the celebrations it is easy to forget that when January rolls around all those regular bills such as rent, council tax, gas and electricity, as well as those credit and store cards, still need to be paid.
Starting off a new year on the financial back foot is far from ideal, but unfortunately it is not unusual or uncommon. In fact it is estimated that 70% of us rely on some form of borrowing to help pay for Christmas, with it taking more than seven months on average to clear this debt.
If you have overspent this Christmas and are worrying about how you are going to pay this money back, you need to seek expert help and advice before the situation gets any worse.
There are solutions out there which can help you right your financial wrongs and put you on the path to a debt free future, and the start of a new year is the perfect time to think about taking the first steps needed to put your financial house in order.
We understand it can be difficult to talk about debt, that’s why our aim is to make the whole process as stress-free as possible for you. We are not here to judge, we are here to help. We will work alongside you to work out exactly how much you owe and which companies you owe this money to. We will then take into account the amount of income you have each month and come up with a workable and affordable plan to get you out of debt.
Debt solutions vary across the United Kingdom and some are only available within Scotland. The experts at Scotland Debt Solutions are specialists in these options as we only provide advice to Scottish residents, meaning you can rest assured that when you call us you will be given the very best advice possible. Call our expert team today on 0800 063 9250 for free and completely confidential advice.
The breathing space debt moratorium in Scotland enables people in debt to trigger a six-month period that’s free of creditor action, so they can take stock of their situation and formulate a plan.
The Debt Arrangement Scheme in Scotland, or DAS, enables people in serious debt to repay their creditors in full over a longer period of time.
Our Scottish based team can help advise you on your debt problems.