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Brits 'should regain financial control' in new year

People who may have overspent over Christmas should start to think ahead for their longer-term financial plans, according to the Department for Work and Pensions (DWP).

Insufficient planning for big events such as Christmas leaves people with a financial shortfall, the DWP has said, something which leaves people struggling to pay bills.

Over 50 per cent of people in the UK overspend at Christmas, with the north-east, north-west and Wales suffering from financial difficulties afterwards, DWP research revealed.

Susan Clark of Jobcentre Plus said: "Struggling to pay the bills after Christmas is a situation that many people find themselves in and it can be very stressful."

Gaining control of finances may provide a means of overcoming the anxiety that comes with overspending and one way to do this may be to take out a loan to consolidate existing debts.

The DWP recently revealed plans to create a new unit to tackle child poverty in the UK. According to DWP statistics, government measures over the last ten years have lifted 600,000 children out of poverty.

See how much you could save with a debt consolidation loan from Lombard Direct.

© Adfero Ltd

09/01/2008 12:21:46

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