Hurry up to avoid a Christmas hangover

According to Moneyextra.com, there is still time to switch credit card debt to interest free offers to ensure that Christmas debt management starts early.

“Your credit card is not just for Christmas, but with an average spend jumping 22 per cent to around £378 on presents, it usually gets little rest in the run up to December 25th. If you have not checked out the best deals yet, you only have a few weeks to do it,” stated Robin Amlot, senior editor of Moneyextra.com.

Tips to help consumers best manage their credit card debt this Christmas include taking advantage of fee-free balance transfer deals, or switching to low interest rate deals.

For shoppers who are better with their debt management, a cashback credit card may be better, but in either case, Mr Amlot urges consumers to act now.