UK Money News
22nd January 2008
Deal with debt is bank's personal finance advice
Sainsbury's Bank has urged Britons to deal with their debts as part of an overall effort to improve their personal finance performance.
Millions of people around the country are facing trouble with debt and the bank is convinced that the earlier part of the year is often the most appropriate time to reassess and take steps tackle money-related problems.
According to Sainsbury's Bank, there are a number of good personal finance deals available to consumers in January that can help them in their struggle to solve their debt problems.
"Now is the time of year to sit down and look at your finances. You've got all your Christmas spend out of the way, so you know what you've spent," said Donald Macleod, head of cards at Sainsbury's Bank.
"Appraise where you are and see if there's a better way of handling that debt."
For many people, their trouble with money stems from overspending at Christmas and Sainsbury's Bank estimates that almost 18 per cent of all festive spending was funded via credit cards in 2007
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