Press Release Summary = Research reveals that one person out of ten in UK is planning to use credit, such as personal loan, both secured and unsecured, to raise funds for Christmas shopping. Of these people, four in ten will use credits for less than 25 per cent of their overall spending.
Press Release Body = London (loans-bazaar) 23 November 2006: Though UK consumers save their hard earned money for Christmas purchasing, a good number of them will use credits, such as personal loans, both secured and unsecured to raise fund for Christmas shopping.
Research carried out recently reveals that one out of ten people in UK are planning to use credit options like personal loans; both secured and unsecured, to finance their Christmas shopping. It is also estimated that 25 per cent of their spending will be covered by borrowed money.
Market expert expressed their views that this is was a big increase on last year when the equivalent figure was three in ten and meant people were spending less on credit than last year. They also added that there was a better budgeting trend and the Christmas credit situation was looking \"pretty positive".
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