According to a recent survey, four out of every ten Britons had to rely on their credit cards to meet the cost of Christmas last year and a fifth of them are still paying the left dues.
Around 41 percent people used their credit cards to buy gifts and food items in 2006. But only 29 percent of them were able to clear the debt when they got their bills in Jan 2006. According to a recent price comparison made by website savebuckets, approx. 17 percent of people who used their credit cards for purchasing on last Christmas, still have not cleared their debts.
People who have lower income are most likely still be paying their last Christmas bills. 43 percent of people who used their credit card have yearly earning less than £35,000, 19 of them are still paying their bills.
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