Beat Blue Monday misery

The final full week of January is when the culmination of Christmas debts, broken New Year resolutions, the return to work after the festive break and the extreme winter weather, combine to create a day of misery for many of us.

Debt Advisory Line, an award winning debt management company is expecting a 20% increase in calls to its debt advice centres in January with many customers being motivated to call because of the misery of impending bills in the New Year. 

Jim Rowley, Managing Director of Debt Advisory Line explains how the amount of desperate people contacting the company soars at this time of year.

He said:

“The day, coined according to a formula devised by mood expert, Cliff Arnall, definitely has firm foundations with many financial aspects behind its identification.

“December is one of the biggest spending months leading to a tough January for most of us.  This combined with the increase of home utility bills due to cold weather conditions equals bad news for people struggling to keep up with regular direct debits and overdue credit card or loan repayments.”