Press Release Summary: Brits have already spent hundreds of millions
of pounds in preparation for the Christmas season. Credit cards
are responsible for funding a large proportion of the money spent.
Press Release Body: London (Loans-Bazaar) November 28, 2007: According
to a data from Sainsbury\'s Bank, almost £6.29 billion has been
spent in preparation for Christmas and more than one-fourth of this
amount is expected to have been spent by using
credit cards. It means a whopping £1.66 billion spent through
credit cards.
Donald MacLeod, head of Sainsbury\'s Cards said: “Christmas is one
of the most expensive times of the year so it\'s encouraging to
see that a large number of shoppers are spreading the cost.” MacLeod
added that it makes sense to look for a credit
card that gives you something back in return.
Credit cards still fund a significant part of the consumer
spending in the UK. Other options available to Britons include
personal loans, overdrafts and secured loans.
Most of the money spent in preparation for Christmas has been utilised
for buying gifts for family and friends. The data revealed that
an average amount spent on Christmas is £132.42. It is believed
that more than 2.5 million people have spent more than £500 on pre-Christmas
shopping.
For additional information on the news that is the subject of this
release (or for a sample, copy or demo), contact Webmaster or visit
http://www.loans-bazaar.co.uk/
2010
