Most Depressing Time Of Year For Loan Customers
January has always been a fairly depressing time for many individuals. Christmas is over, the weather is cold and wet, everybody is back to work with no prospect of another holiday until Easter and all the credit card and personal loan bills are landing on the doormat.
This week has officially been described as the most depressing week of the year, with yesterday (Monday 23rd January), the most depressing day of the year, now known as “Blue Monday”.
Apart from the normal post Christmas blues, many individuals across the country are now particularly worried about their personal loan and credit card debts and in particular, how they are going to manage to make their full loan repayments on top of all their other household bills this month.
The Debt Advisory Line, an award winning debt management company, has said that it expects to see the number of calls from struggling loan and credit card borrowers increase by around 20 per cent over the course of this month, as people realise they are in a position where they are unable to manage their personal loans and credit card debts.
It seems that the final week of January is when many individuals finally realise they have a serious loan debt problem and are unable to cope with it on their own, at which point they contact someone who is able to provide professional help with their loans and other debts.
Jim Rowley of the Debt Advisory Line said “December is one of the biggest spending months leading to a tough January for most of us. This combined with the increase of home utility bills due to cold weather conditions equals bad news for people struggling to keep up with regular direct debits and overdue credit card or loan repayments.”
