One in five Brits still in Christmas debt
Posted on in Business News
One in five Brits still struggling to pay off last year's Christmas debt, says survey.
Researchers have found many in the UK cannot afford Christmas, with more than a third of people getting into debt each festive season
The rewards website GetPaidTo surveyed 2,000 people in the UK and found that over a third go into debt every Christmas, 82% of whom admit to struggling to pay it back, while 20% are still paying for last Christmas.
The survey discovered nearly one in five get into debt by buying gifts they cannot afford via credit card, and almost one in ten use very expensive overdraft facilities to provide extra funds.
The research also discovered many people struggling to pay off last year's Christmas may be stung again by this year's festive season.
Whilst nearly a third mean to start saving before the summer is over, the same number of people are not saving anything at all. In fact, only 9 per cent start setting aside money in January.
A Christmas club savings card is a great service for customers who want to spread the cost of big ticket items in the lead up to Christmas, and a great way to guarantee the money gets spent in your shop.
Now is the perfect time to introduce a scheme, with bigger stores such as Asda having already started their savings club promotions in July.
Get started today with The Experts Cards
The Experts Cards programme has been created to enable specialist retailers to offer their customers a professionally produced electronic card.
The Experts Cards are multi -functional, meaning they can be used not only as Savings Cards, but all year round as gift cards, loyalty card, refund cards or promotional cards.
You can have a fully functional card scheme within weeks and our specialist partner Savvy will be available to guide you through the process. You can order a minimum of 100 cards, from just £199.
You will also receive access to a management information system which provides you with a range of information to help you manage your card scheme through your Global Payments card terminal.
Not currently with Global Payments? Click here to find out more and get a free quote by clicking the button below to see if you could save £'s by switching - as well as gaining access to The Experts Cards scheme.
Visit theexpertscards.co.uk to order your cards now in time for Christmas, or find out more about the scheme by visiting the service page or contacting us.