Can you run away from your debts?
We’ve read quite a few stories on the web about people who’ve...
With Christmas coming soon are you tempted by a payday loan? You’ll not be the only one but you have to ask yourself: do you really need it?
We all know that Christmas can be the most expensive time of the year, we all want our families to have the best but it doesn’t have to lead to more lending, more debt and more stress.
‘Solutions’ like payday loans are quickly becoming people’s saving grace until the time they have to pay it back. That’s when the trouble starts.
Taking out a payday loan to fund Christmas can be very tempting. However we talk to people every day who have tried to use payday loans to solve their financial problems only to find out that they’ve actually made the situation much worse.
We’ve recently released statistics that show we’ve spoken to three times as many people struggling with multiple payday loans this year than we did in 2009.
We hear from 1000s of people every day how it feels to have to face up to unmanageable debt. Ask yourself, is it really worth taking out a short term loan?
That may sound all well and good but if you haven’t got any money for a merry Christmas what can you do?
Christmas really doesn’t have to be about expensive presents and spending crazy money, so think long and hard before taking that payday loan.
Budgeting is not easy at the best of times, let alone when you’re in debt. If you’ve just started to budget for Christmas 2012 you probably won’t have much money allocated, but why not start planning for Christmas 2013 in January rather than scrabbling around for money in November?
At Stepchange Debt Charity we know that this time of year is never easy, so if you’re worried about money or tempted to get extra credit to pay for a Merry Christmas, use our online debt advice tool Debt Remedy.
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