christmas costs: It helps to pay for Christmas costs but can leave people struggling even more once the festivities are over, according to The Independent. Worryingly, there's evidence that millions of people are feeling pushed towards payday loans and other high interest, short-term lending as they struggle to make it through to their January payday. December is an expensive month, which is why an early payday is so welcome for so many. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial Fair Money, a fair loan comparison website, has warned of five weeks of personal finance hell and warned that dodgy lenders are plaguing the poor this new year, with four out of 10 people paying more than 25 per cent in interest for average loan amounts that fall under 500. Read more Revealed the true cost of Christmas And even before a long January, many people admit falling into debt over the Christmas period. The aggregator carried out research into the amount of interest people are paying for the credit they have relied on and discovered that 41 per cent of respondents were paying the highest rates of interest for their loans and credit cards ranging from 25 per cent to a staggering 1,500 per cent.
(news.financializer.com). As
reported in the news.
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