1 in 4 Still Paying for Last Christmas

One in four people who ran up debt last Christmas are still repaying the bill, a survey has shown.

Four out of 10 people used credit cards or other forms of borrowing to meet festive costs last year, according to price website Savebuckets.com.

But only 29% of these people had managed to clear their debt during January, while 24% were still paying it off.

People in their 30s were most likely to be still repaying debt run up last Christmas, with 47% borrowing money last year and 35% still repaying it.