Debt Action NI Top 10 Christmas Tips
Christmas is a time when people tend to overspend and Debt Action NI fears that some may turn to high interest credit such as payday loans, door step lenders and even illegal lenders for help during the festive period. Debt Action NI is encouraging people to draw up a budget of how much they are planning to spend on each person and item and to make a list of all expenditure over the Christmas period. It is important that people stick to their budget and avoid any impulse buys. Debt Action NI has developed tips to help deal with Christmas - to view them click here.
Gemma Willis, Debt Action NI project manager said:
"Many people are faced with larger bills in January and usually have to make their wages stretch for an extra week as most employees are paid earlier in December. We would advise people to budget carefully and to stick to it in the lead up to Christmas. Taking out high interest credit can lead to big problems in the long term if you are unable to pay it back within a short period of time as interest and charges can quickly spiral out of control. If you are worried about debt, you should seek help and advice as soon as possible."
If you are strugging with debt you can contact Debt Action NI by calling the Freephone helpline on 0800 917 4607 to speak directly to an adviser between 8am and 9pm Monday - Friday and 9am - 3pm on a Saturday or you can text the word "Action" to 81025 and an adviser will call you back. You can browse the dedicated website www.debtaction-ni.net where you can send an appointment request, email an adviser, chat to a virtual adviser or use an online budgeting tool.