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PPI Claims: Many 'worried about Christmas spending'

Those worrying about the financial implications of Christmas and the added expenditure it brings could check to see if they are eligible to make a payment protection insurance (PPI) claim.

New research from uSwitch.com has revealed that 48 per cent of British consumers are more concerned about money this Christmas than they were in 2010, as the same amount believe they have less spare cash to spend.

PPI claims could provide the extra financial boost many need as 42 per cent will resort to using credit, while ten per cent state they do not know where they will get the money from.

The site's head of personal finance Michael Ossei said colon "Cash-strapped consumers will be feeling a little short of Christmas cheer after another tough financial year."

He explained that frozen pay and rising living costs had meant many household budgets are now under severe strain.

A recent survey by Gocompare.com found that one-third of Brits will reduce the number of people they buy gifts for this year.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801245635-ADNFCR



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