Friday, December 25, 2009
Category:
Consolidation
According to Direct Line Home Insurance, people are not as security conscious during the festive period.
In fact, research has revealed that one in four people store their received Christmas gifts under their tree, which is where burglars would be most inclined to seek goods. Furthermore, 74 percent of people keep their presents in unlocked wardrobes or cupboards – additional spots that are likely to be of interest to burglars.
It was also found that a typical adult will buy Christmas presents for ten of their relatives and dear friends, to the average value of £363. When the adult population of 50,000,000 is taken into consideration, this means that Christmas gifts up to a combined sum of £18,000,000 could be at risk of theft.
Head of Direct Line Home Insurance, Andrew Lowe, commented: "Despite an ongoing recession, people in the UK aren't feeling too much of a crunch on their festive shopping. People are being selective about how they spend their festive budgets, even if it means trimming gift lists and setting prudent targets for their spending. Only a very few people have called off presents altogether, and although money is tight for many, spending less means that they are still able to treat their loved ones to a little something special.
"With British adults spending nearly £400 each on gifts, many householders will find the value of their possessions has increased once they've stored their gifts for others and unwrapped their own.
Getting finances in order is a priority for many people's New Year's resolutions, and included in that goal should be a re-assessment of the value of the contents within their home to make sure that they have enough insurance should their favourite things be lost, stolen, or damaged."
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Homeowners who are looking to re-organise their finances in the New Year could investigate the possibility of taking out a secured loan for debt
consolidation. One of many finance options available, a secured loan for debt consolidation could be just the solution for borrowers with several existing credit cards and store cards for example. Multiple monthly repayments could be reduced down to just one, and this single monthly repayment could even be lower than current outgoings. However, when taking out a debt consolidation loan, it must be remembered that consolidating your debt may increase the amount you pay back overall and extend the repayment periods of your debts.
