Dependence on credit for Christmas is "the norm" by Finance News Bulletin

Published: 06/12/07

touching accounts 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 daylight hours on November 21st in an attempt to encourage populace to take control of their financesA "huge amount" of the community will rely on credit to afford their Christmas spending, according to AWD Chase de Vere

The independent monetary advisers said that with increased mortgage tax and spending figures, people should really be planning ahead for the festive era and saving rather than solely using credit cardsIt is a "worrying occasion" as borrowing money rather than putting it away is "the norm", supposed Susan Hannums, savings manager for AWD pursue de VereShe advised: "If you really can't afford it, and it is going to be pushing the budget, then perhaps we need to be a little small piece more imaginative with aid and not necessarily splash out"Total consumer credit lending to persons stood at £212

1 billion in November 2006 and has increased over six per cent over the last 12 months, says Credit act The debt charity also claims that

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