Money borrowed to pay for Christmas could take years to repay, a charity has warned, as a poll for the BBC reflects fears over unmanageable debt.
A third of respondents who used credit to help get through Christmas and the holiday season said they were not confident about their ability to repay.
Advice charity StepChange said a debt hangover led to a surge in enquiries.
It advised more people on 3 January, the first working day after the festive break, than on any day last year.
“Christmas can put great financial pressure on people, causing some to rely on credit and spend more than they can afford. In some cases, this can lead to a debt hangove…
Read the full article at: https://www.bbc.com/news/business-64235996