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The Independent UK

Harriette Boucher

‘Crying, panicking, and praying for a solution’: How Christmas will push millions of Britons into debt

United Kingdom thinkmoney

Rising household bills, mounting food costs and the financial strain of the holiday season are pushing millions of Britons to the brink this Christmas, forcing them to rack up credit card debt and resort to buy now, pay later schemes.

An estimated 5.6 million parents of dependent children in the UK will still be in debt or not financially recovered from Christmas by spring next year, research from lender CreditSpring found.

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