Holidaymakers `keeping down debt by booking late`

1.28 million holidaymakers have left booking their holiday until two weeks before they set off this year, saving themselves hundreds of pounds, according to Sainsbury`s Finance.

818,000 people leave a week or less between booking and going away, the report adds.

Holidaymakers who book their trip on credit could be significantly reducing the amount of debt they take on by opting for a `last-minute` deal, says an expert at debt management company Gregory Pennington.

"Some people aren`t very comfortable with leaving holiday booking so late - for example, if you want to be picky about where you go and what hotel you stay in, then early booking is more important.

"But those who don`t have any particular destination in mind can often save a significant amount of money compared with making an earlier booking.

"Given that so many people book holidays on credit, this can be a great way of reducing the amount of debt taken on, which can be a big financial boost.

"Of course, the safest way to book a holiday is to save up in advance, which means the holidaymaker doesn`t have to take on any debt at all."

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Gregory Pennington offer debt advice and 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.