Debt help


While the majority of us look forward to the festive season, Christmas can be a stressful time for others. With Christmas getting more expensive every year, many of us end up borrowing to fund the cost of gifts and celebrations.

Last year, statistics showed that the average person spent over £600 on presents. The research from hotel chain Travelodge also showed that the average cost of a Christmas dinner last year was nearly £120.

With Christmas this year expected to cost even more, it’s no wonder that people get themselves into financial difficulty paying for Christmas.

If you’re expecting to struggle with Christmas this year, read some of our Christmas saving tips below:

Make a List

It’s very easy to go overboard at Christmas without realising how much you’re spending. Set a budget, make a list and stick to it.

Earn Cashback

You can earn cashback on your normal spending. You can do this with cashback credit and debit cards and by using services such as Quidco and Top CashBack.

Start Saving

According to a YouGov survey, the average family spends more than £835 on Christmas. Many struggle to pay this from December’s pay packet and have to borrow. Start saving up instead and you won’t have to pay the interest on a loan.

Save Money on Food

Buying premade Christmas food it often more expensive then making it from scratch. Make mince pies, stuffing, cakes and other Christmas food yourself and they’ll taste better then the store-bought alternatives.

Look for special offers and stock up on items before Christmas instead of making an expensive last minute dash to the stores.

Not everyone needs a gift

At Christmas, many of us feel obliged to give gifts to all our friends and family. The problem is that anybody you give a present to will feel obligated to give you one; regardless if they can afford it or not. Why not have a no gift pact with some friends and family and focus on giving presents to the children.

Get a 0% credit card

Inevitably some people will need to borrow money this Christmas. If you do, why not take advantage of a 0% credit card? Many offer 0% introductory periods on purchases. Providing you clear the balance before this period, you won’t pay any interest on the goods you buy. Alternatively, you could borrow from a;

Credit Union

Credit unions are increasingly competing with the payday loan market by offering cheap and affordable loans. Some credit unions even lend to people who don’t save with them.

If you’re currently struggling with your debts, there are solutions available to you such as Debt Management Plans (DMP)Individual Voluntary Arrangements (IVA), and Bankruptcy.

The Debt Advisor is regulated by both DEMSA and DRF and we adhere to their codes and standards.

If you are struggling with debts and want to discuss your options, call The Debt Advisor today on 0800 0851 825 to speak with one of our advisors. If you’re calling from a mobile, you can reach us on 0161 868 2500.


Do you need help?

Specialist advisors are available who can advise you on the most appropiate solution to bring you relief from debt

More Posts From The Debt Advisor

Beverley Budsworth – The Debt Advisor FCA regulated Debt Solution Provider Judgments increasing against consumers Judgments in first quarter of...
Debt Relief Order changes – more people will qualify
The criteria to qualify for a Debt Relief Order “DRO” changes on 29 June 2021.  This will mean that around...
Mental Health – How to help yourself recover “Post Pandemic”
Mental Health - How to help yourself recover “Post Pandemic” PPSD* (post-pandemic stress disorder) Not (yet) an official term but...
Breathing Space debt respite scheme
What is Breathing Space? From May 4th 2021 new legislation will be brought into place to allow approved debt advisers...
How to improve my Credit Score?
Within the UK there are 3 main credit reference agencies, TransUnion, Equifax and Experian. All 3 work with banks, building...

We are proud of our 5* TrustPilot customer reviews

We are proud of our 5* TrustPilot customer reviews

The Debt Advisor Accreditations

There is an alternative free-to-consumer debt services from the Money Helper.

The Debt Advisor Accreditations

There are alternative free-to-consumer debt services from the Money Helper.

We’re ready to help with any debt problems

Social media

The Debt Advisor has a long and rich history of helping people and companies get past their debt problems. We welcome people to get acquainted with our company, history, team and to listen to the stories from the people we have helped.

Alternative free-to-consumer debt services are available from the Money Helper website.

Customer Support

18-22 Lloyd Street, Manchester, M2 5WA

Monday to Thursday: 9:00 am – 7:30 pm
Friday: 9:00 am – 3:30 pm

Company Registration: 06248441 | The Debt Advisor Limited is Authorised and regulated by the Financial Conduct Authority Reg No: 659920.

All debt solutions should be very carefully considered. Please note, if you are struggling with debt issues and need advice on your options, we’ll take a look at your financial situation and explain the available options. If it is appropriate to refer you to one of our trusted providers for a solution, we may get a fee for introducing you, or for the preparatory work we complete. Fees are payable if ongoing services are provided.

Copyright © 2022  The Debt Advisor | Privacy Policy | Cookie Policy | Complaints | Careers