Coventry Citizens Advice Bureau
Little Park Street
From 9.30am* Monday to Friday
Top Tips to Avoid a
Christmas Debt Hangover
◊ Plan early for Christmas
Be realistic and budget accordingly. Work out how much you are going to spend on each person – and stick to it. Manage expectations as to what you or Santa can give.
◊ Don’t forget the everyday bills
Remember that rent, the mortgage, utility bills, food bills and other existing debts still have to be paid – and the consequences can be severe if they’re not. Even though it’s Christmas, get your priorities right.
◊ Don’t bank on an overdraft
If you do need more money, don’t just run up an overdraft without talking to your bank first – it will work out much more expensive.
◊ Don’t take out a pay day loan or use a loan shark
If you can’t afford the short term repayment this could term into a long term debt that may spiral out of control
◊ Keep things simple
If you can afford to pay for your goods outright by cash, cheque, or debit card, don’t be persuaded to take out extended credit agreements unless they really do work out cheaper.
◊ Shop around
Try as many different places as possible to find the best price. Buy what you want and not what other people say you need. Be wary of extended warranties; the cost of a repair could be less than the cost of the warranty.
Self-help information is available at www.adviceguide.org.uk, which is the public information service of Citizens Advice. It provides CAB information on your rights, including debt, benefits, housing, consumer and legal issues.
Introducing advice buddy our new online tool created from our most frequently asked questions and designed to help you find the right advice when you need it.
If advice buddy can't directly solve your query, you can also use it to email your enquiry to the bureau.
Is your bureau interested in advice buddy?
Click here to find out more
If you are looking to obtain advice, or are trying to find out where you can get help, just by visiting this website you have taken the first step in seeking expert, impartial, confidential and free advice.
There are a number of ways one of our trained CAB advisers can help you resolve your problem. Our advisers don't tell you what to do, but we will explain your options and possible outcomes of different courses of action.
You can access the advice services at Coventry CAB in a number of ways.
Click on the link below for more details
Find out if you are likely to be affected by the changes in the housing benefit rules