Credit countdown to Christmas - 02/11/04

Shop around for the best credit deals…

With only 8 weeks left to Christmas! It’s a good idea to start planning your finances so that your credit status doesn’t take a roasting during the festive period. Below are our top hints and tips to help prevent your credit report going into meltdown:

1. Optimise your credit card balances. The GoBusinessFinance Marketplace has many hot deals on 0% APR credit card balance transfers. Take advantage of them over the holiday season.
   
2. Set a realistic budget and then stick to it!
   
3. If you are planning to take out a loan, first check your credit score for an indication of your current credit health and to make sure you are in good shape to apply for the best deals. You can do this at www.creditexpert.co.uk then apply for your loan at GoBusinessFinance.
   
4. As you shop, don’t forget to frequently check how much you’ve spent. It’s all too easy to keep handing over your credit card.
   
5. If you are consolidating your borrowing, make sure you shop around for the best deals – remember that lenders may also have sales in January. Keep an eye on the marketplace for the latest rates.
   
6. Remember to close down any credit accounts that are paid up, but you no longer use, as this can affect your credit score.
   
7. And finally, if you are already struggling to meet your commitments, don’t ignore the situation – talk to your lenders who will be able to help you with a budget plan. Alternatively contact any of the following organisations who can provide free practical advice and support:

Citizens Advice Bureau
Look in your local phone book under Citizens Advice Bureau or on the internet at www.adviceguide.org.uk

National Debtline
www.nationaldebtline.co.uk
Tel 0808 808 4000

Written By Simon Johnson
Xbridge Decision Finance

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