christmas credit

Three-quarters of families rely on credit to fund Christmas

8th December 2024 Arrears and Recoveries | #christmas credit

A new survey by credit management company, Lowell has found that almost three-quarters (74%) of households rely on credit products like Buy-Now-Pay-Later schemes and credit cards to manage Christmas expenses, with repayments stretching into mid-April. The average family is set to allocate over half (53.6%) of their monthly salary—approximately £1,546 based on the national average…

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christmas credit

Three-quarters of families rely on credit to fund Christmas

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