Survey by uSwitch finds that half of people worry they will still be trying to clear the debt by next DecemberThe Christmas spending hangover means that Britons who splurged on plastic will start 2018 owing an average of more than £450 on their credit cards – with many fearful the debt will still be haunting them by next Christmas. The survey found Britons had borrowed an average of £452 to cover the cost of the festivities. Half of the respondents told uSwitch they were worried they would still be trying to clear the debt in December 2018. Nearly one in 10 were still paying off debts dating back to last Christmas. “Alongside cutting back on spending … cards offering 0% interest on balance transfers can offer breathing space.

Source: The Guardian December 27, 2017 07:00 UTC