5 steps to clearing your Christmas debts
Don’t bury your head in the sand
If money is already so tight that you do not know where you will find the cash to clear your Christmas debts, it can be tempting to simply ignore them in the hope them will go away.
Banks and credit card companies are not in the habit of forgetting when people owe them money, though.
And burying your head in the sand is the worst possible thing you can do, as missing payments will result in penalty charges that will only add to your woes. It is therefore crucial to pay at least the minimum, and preferably more, every month.
Every week, Clare Francis, financial journalist and editor of comparison site moneysupermarket.com will offer tips and advice on all things money-related to help iVillagers make the most of their hard-earned cash. From energy bills to car insurance; credit cards to children’s savings accounts; mortgages to discount vouchers Clare will show you how to make sure you’re getting the best deal.