Released on = January 30, 2007, 3:02 am

Press Release Author = Braden Fred

Industry = Financial

Press Release Summary = Festive spending burns pockets. More than £4 billion will be
taken out between January and March 2007 for debt consolidation purposes.

Press Release Body = London, 25th January, 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.


Web Site = http://www.apply-4-loans.co.uk

Contact Details = 11, Parade House
135, The Parade High Street
Watford
Hertfordshire
WD17 1NS