Families urged to budget for Christmas

FAMILIES were yesterday warned to steer clear of moneylenders and to budget properly for Christmas.

The Irish League of Credit Unions warned families that overspending prior to Christmas was ill-advised, particularly at a time when personal borrowing in Ireland is at record levels.

The ILCU’s chief executive, Liam O’Dwyer, said middle and low-income families were most at risk, and said those households should be particularly wary of moneylenders.