Brits defy holiday crunch, study suggests - Credit cards - News - Moneyfacts

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Brits defy holiday crunch, study suggests

Brits defy holiday crunch, study suggests

Category: Credit cards

Updated: 24/12/2008
First Published: 22/12/2008

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Many Britons are refusing to let the economic downturn affect their plans for Christmas, it has been found.

According to a study by Fairinvestment.co.uk, 28 per cent of people are not worried about how much they will spend this holiday season.

But some could be carrying out credit card comparisons, as eight per cent intend to use this form of finance for their purchases, while two per cent are taking out loans.

Rachael Stiles, spokesperson for the site, remarked: "Credit through cards and loans can be handy at Christmas, but it is important to shop around and compare a range of deals because rates and repayment periods vary."

She welcomed the news that the credit crunch is not spoiling Christmas, but added that buying throughout the year can help spread the cost of the holiday.

Last week the AA revealed that cutbacks are leading a fifth of those who travelled last Christmas to stay at home this year.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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