More than a quarter of consumers have overspent and gone into debt to fund the festive season, according to Aviva.
The financial giant has revealed that reckless spenders will have to pay off an average £414 in 2016, rising to £519 when the age range is narrowed down to 45 54 year olds. Ouch.
The temptation is to go for a quick and easy solution like a payday loan. But these controversial products come with extortionate interest (normally over 1000 %) and your original debt can seriously escalate if you dont make your repayments on time.
But there are far cheaper alternatives. As well as money transfer credit cards, lenders are falling over themselves to provide competitive balance transfer deals on credit cards.
How does a 0% bal…
Read the full article at: http://www.mirror.co.uk/money/0-balance-transfer-credit-cards-7060561