Facing the “Debt Regret”: With spending on party dresses, flashy gifts and holidays at a high this time of year, reliance on Christmas credit for the party season can leave consumers with debt stress in the New Year. Veda, a leading provider of consumer and commercial data intelligence and insights, reports that Aussies who apply for any of type of credit between October and December are more likely to end up with ‘debt regret’, than those who apply at any other time of the year.
New Veda trend research shows that individuals making credit card applications in the December quarter are more likely to have a credit default in the New Year.
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