New Year debt enquiries `set to surge`

Enquiries about help with debt problems are likely to surge in the New Year, according to an expert.

Richard Napier, Nationwide`s head of credit cards and personal loans, added that people would deal with debts built up over the festive period in different ways.

He said: "For some, this will simply mean tightening their belts for a while and cutting back on a few luxuries. But for those already in debt, the New Year can signal greater money worries."

A spokesperson for debt management company Gregory Pennington said that anyone struggling with debt in the New Year should contact a debt adviser at the earliest opportunity.

"Aside from providing debt advice, an adviser may be able to recommend a specific debt solution that could help - so whatever the situation, it`s well worth talking to a debt adviser."

---

Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.