Consumers should look to avoid spending on credit cards in the run-up to Christmas, an expert warns.

Susan Hannums, savings manager at AWD Chase de Vere, advises that planning for the long-term is wiser than spending on credit cards on a "day to day" basis.

"The spending and the mortgage rates are going up ... there's a lot happening and it's a very worrying time," she asserts.

But Britons with equity in their property could opt for a homeowner loan as a secured means of releasing funds.

A fixed repayment period could allow them to obtain the money required to pay for the festive season, while ensuring a long-term budget plan can be put in place.

Homeowner loans could prove especially useful in light of the need for extra cash in the run-up to Christmas, as Ms Hannums observes.

"We definitely have had way too many years of relying on credit and Christmas is one of those incredibly expensive times," she explains.ADNFCR-1287-ID-18326884-ADNFCR

Request a Callback

Fill in your details and we'll call you back