Do You Have Christmas Credit Card Debt?

Have you received your credit card bill after Christmas yet? Christmas is the most expensive time of the year, and millions dread the beginning of the year as the credit card and other Christmas bills start to drop through the letter box (or into your email inbox). Many people opt for a debt consolidation loan to combine all their existing debts into a single payment.

Money Saving Expert says debt consolidation loans have an advantage as you know what you’ll be paying each month, and you’ll have a clear end date of when your debts will be cleared. It is important to remember that many banks and building societies state “the rate we offer depends on individual circumstances. The interest rate will vary too depending on financial circumstances”. This means you might be paying even more than advertised.

Could Penny Post help?

If you have credit cards, car finance, store cards or other personal loans, our Swap & Save Loan could help you to consolidate your debts into 1 manageable repayment. At Penny Post we use fixed APR – the rate you see is the rate you get.

Say goodbye to paying different amounts, to different companies on different days of the month – we’re making things simple with:

  • One clear interest rate – the rate you see is the rate you get!
  • One clear end date – you’ll know when you consolidate loan is due to end with Penny Post.
  • One clear regular repayment – juggling multiple payments on different days on the month can be a thing of the past!

Juggling multiple repayments can make your finances complicated and can make you feel stressed, but by consolidating all your borrowing into one manageable repayment with a lower interest rate, we can help you tidy up your finances and reduce the amount you repay each month.

Want more information? Click here.