Christmas Debt Hangover

Released on: January 3, 2008, 7:56 am

Press Release Author: Debt-Simple Ltd

Industry: Consumer Services

Press Release Summary: Aftab Zahoor, managing director of Debt-Simple Ltd urges
consumers not to leave it too late before tackling their Christmas debt problems.

Press Release Body: Nottingham UK. Debt-Simple (www.debtsimple.co.uk), the debt
solutions company, based in Nottingham is advising people to be ready for the
'Christmas Debt Hangover'. Shoppers in the UK spent an estimated £34 billion on
their credit cards (according to the credit card industry body Association of
Payment Clearing Services) over the Christmas period. Many who are up to their
credit limits or over, may find it difficult to meet their minimum monthly
repayments.

If they cannot afford there minimum monthly repayments, they must look at suitable
solutions as soon as possible to avoid falling in to more credit card debt. Whether
it is debt consolidation, debt management, or in more severe circumstances an IVA
and bankruptcy.

Debt-Simple are a professional company who emphasise on building a strong
relationship with their clients. Through their professional debt advice they are
helping many people with realistic repayment plans to reduce the amount they are
spending on a monthly basis.

Founder and Managing Director of Debt-Simple Limited, Aftab Zahoor said:
"The new year is a good time to take stock of your financial position and take the
necessary steps to reduce your debt burden. Once credit card statements arrive in
the New Year, many people will either look for help or bury their heads in the sand.
If you feel you are struggling with repayments by the end of January then you must
seek professional advice."

Consumers wishing to contact Debt-Simple for advice on debt problems can do so via
the company's website www.debtsimple.co.uk, or by phone on 0800 876 6276.

Web Site: http://www.debtsimple.co.uk

Contact Details: Debt-Simple Limited.
Futurist House, Valley Road, Nottingham, NG5 1JE
Tel: 0800 876 6276
Email: enquiries@debtsimple.co.uk

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