Many people in the UK have dipped into their savings in order to help pay off debt generated over the Christmas period, according to new findings.
Research carried out by Birmingham Midshires has shown that 14% of savings accounts were accessed over the December holiday, which shows that many consumers need extra assistance servicing the debt they've amassed on credit cards and other bills.
With less people having a safety net to fall back on, and mortgage repayments increasing it's expected that more people will struggle with serious personal debt.