Christmas shoppers need to be "more careful" with spending by Finance News Bulletin

Published: 08/12/07

Moving financial records from one bank to another is "easy", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU MutualAxa is launching My Budget Day on November 21st in an effort to encourage people to take manage of their financesThe credit crunch is leaving to have a big impact on Christmas spending this year, warns the Consumer praise Counselling Service (CSSS)

With tighter lending criteria, many populace will find it harder to get credit resulting in a dependence on other, "more expensive" forms of praise, according to CSSS spokesperson James Ketchell"One Christmas doesn't make a dissimilarity but it might be the tipping point which pushes people over the rim," he saidHis comments follow the news that many consumers who take out small loans to cover the cost of Christmas will sense the impact of increased interest speeds, with the average speed reaching double figuresMr Ketchell warned that populace who are relying on loans

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