It`s emerged that one-in-five Scots are still in debt from Christmas 2012, as the Scottish government seeks to offer people alternatives that won`t exacerbate the matter.
A Money Advice Service survey found that Scottish consumers will spend £1.56 billion on festivities this year, with six per cent likely to turn to payday loan companies and a third expecting to be in debt once the clocks chime midnight on New Year`s Day.
To try and stem the tide, the 12 Days of Debtmas campaign is encouraging people to turn their backs on expensive loans and look at much more affordable options instead, which don`t only help to pay for Christmas, but also ease your finances as time progresses.
Ideally the best option is to save throughout the year and avoid the cash blow of Christmas entirely. However if you are looking to improve your cashflow generally at First Choice Finance, you could find alternative ways to fund Christmas and deal with your cashflow through a remortgage or a debt consolidation loan. By taking out a single secured loan against your property, you can reduce your monthly outgoings to a more manageable amount and spread the costs out, although you may end up paying more interest in the long run.
To discuss the finance options available through us without obligation visit firstchoicefinance.co.uk, or get a quote by calling us on 0800 298 3000 or, from a mobile on 0333 003 1505.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.
Have you got a bad credit rating or been declined finance in the past First Choice Finance have a selection of bad credit loans to suit many unique circumstance contact us and speak to one of our loan experts.