Expert Debt Advice
Get the right help

Christmas spending in 2011 is likely to leave over a quarter of Brits in debt.

This is according to research carried out by uSwitch that found that 27% of adults in the UK will end up in debt as a result of Christmas purchases.

More than six in ten say that they will struggle to pay for Xmas this year with nearly one in ten expecting to still be paying the debt off this time next year. The average bill is expected to be £300.

Personal finance expert at uSwitch, Michael Ossei said 'While the cost of living has rocketed, pay has been frozen or even cut and even those who have enjoyed a pay rise will have seen the benefits eroded as household bills soared.'

'Splashing the cash at this time of year is very tempting but for those already feeling the pinch, a very merry Christmas could lead to a financial hangover that lasts well into next year.'