The countdown to Christmas is now on, and this year the urge to splurge will be hard to resist after a year of hardship and isolation from friends and family.
In a YouGov survey commissioned by the national debt charity Money Advice Trust in 2017, 55% of respondents said that they had not saved up to cover the costs of Christmas. The same poll found that 7.9 million people expected to fall behind with their bills in January as a result.
It’s ok to borrow to cover the cost of Christmas. Not everyone has the luxury of being able to access the cash to pay for the festivities upfront. But with things more uncertain than ever out there, it’s important not to pay over the odds for credit and to borrow from someone you can trust.
That’s where The Co-op Credit Union comes in. We’re a lender that’s on your side because we’re owned by the people that use our services. We go out of our way to keep our interest rates as low as we can while doing everything we can to say “yes” to as many people as possible. And we’ll lend you from as little as £50 if that’s all you need, with loans of up to £15,000 available if you’ve something bigger in mind. Check out our Christmas Loans now.
What’s more, as a member of the credit union, you also build savings by putting aside from £10 each month. Members often tell us they don’t even notice it going out, and it soon builds up so that next year you might not need to borrow at all.