/24-7PressRelease/ - LONDON, UK, February 01, 2007 - The first month of the New Year is again proving to be one of the busiest months of the year. More and more Britons are trying to sort out their finances by taking out debt consolidation loans to pay off their credit card bills and other impending payments incurred during the festive season.
Earlier this month, Sainsbury Bank had posted their research that showed that only 52 percent of people are expected to clear their Christmas spending by the end of January. About 8 percent of the population expect it to take more than a year. According to the bank's estimate, up to 433,800 personal loans worth around 4.8 billion would be taken out between January and March 2007 for debt consolidation purposes.
"Consolidating your debts into one personal loan which charges a lower rate of interest can mean that you could save hundreds of pounds in repayments." says Steven Baillie, loans manager, Sainsbury's Bank.
For more information on the news that is the subject of this press release (or for a copy, demo, or sample) contact webmaster or visit http://www. adverse-credit-debt-consolidation.co.uk
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