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'Spend time with your finances'

People who are feeling the effects of overspending at Christmas should devote a little extra time to their finances, it has been advised.

One way in which to ease the financial strain of the festive period may be to switch credit cards or energy and insurance providers, according to Moneyfacts.com.

The website said: "It's easy to get carried away in the run up to the festive period, but…rather than doing nothing and paying a fortune in interest charges, why not see it as a kick up the backside to switch your credit card to a cheaper deal?"

Borrowers may be able to enjoy the decrease in personal loan rates that has taken place in the first few weeks of January, however, according to Moneyfacts.co.uk.

Another way of reducing the pressure of debt may be to take out a consolidation loan.

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

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'Spend time with your finances'

28/01/2008 17:30:47

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