Christmas will be here before we know it, and with everyone starting to get ready for the festivities, finances can quickly become a concern. Amongst the fun, celebrations and magic of Christmas, we often turn our minds to our money, hoping that our budgets will cover everything we need. Christmas is an expensive time of year – especially with the cost of living so high – and many people fight to find the funds needed. So, if you’re struggling this Christmas, why should your debtor be enjoying splashing the cash and having all the fun?
The Rising Cost of Christmas
There’s no denying that the cost of Christmas is going up; toys and gifts are more expensive than ever, the price of food is always rising, travelling to visit family members is becoming less and less affordable. In fact, Brits are expected to spend an average of £596 each on Christmas gifts this year. Even the cost of budget-friendly festivities quickly increases when you factor in the little things like snacks, wrapping paper, cards, decorations and a jumper for Christmas Jumper Day.
The average Christmas spend in the UK is £1,108 per person, with the average person getting into £439 of debt because of Christmas spending. It’s easy to see why so many of us are filled with a sense of dread when it comes to having a Christmas pot. You don’t want to miss out on the fun or disappoint loved ones by cutting back on gifts, but spending money you don’t have isn’t an option, especially if you have the cost of running a business to factor into things.
Being Owed Money at Christmas
Being owed money at any time of the year is stressful, but this is amplified at Christmas. If you’re owed money personally, you might be wondering how you’ll afford to buy gifts and everything needed for a delicious dinner. If you’re owed money as a business, you might be worrying about paying your staff, and if you’ll have enough to cover your overheads. But, there is a solution – reclaim the money that’s rightfully yours.
If you are owed money, it’s only right that a debtor repays that money to you. It’s the time of year when every penny counts, and it doesn’t make sense to be out of pocket if you don’t need to be.
Make Your Christmas Extra Special with Debt Recovery
At Cobra Financial, we’re here to recover debts that you’re owed. There’s no reason why your debtor should be living the high life this Christmas, while you’re struggling to get by. With our debt recovery services – we use a range of tried and tested techniques – we’re able to recover debts from your debtors, even if they don’t want to be found.
It doesn’t matter if you’re owed money by an individual or business, or if it’s a personal debt or business debt, our debt collection experts are here to help. Get in touch to find out more.
