CAB predicts “surge” in post-Christmas debt enquiries
The Citizen’s Advice Bureau has predicted that Christmas debts are likely to cause a sudden spurt of enquiries in the new year.
The CAB expects many enquiries as people receive their credit card and secured loan bills in January.
John Rhodes, head of financial capability at Citizens Advice said: “Christmas is a time of giving, but you don’t want to give yourself a headache in the New Year with bills and debts you can’t afford.
“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.”
