Paisley families should discuss the topic of debt as opposed to getting themselves into a spiral of loans that they can’t escape, according to finance experts.
The comments come as a report from insolvency trade body R3 found that more and more people are considering taking out a payday loan in the next six months.
Another study from consumer group Which? found that nearly half of the people who have taken out a payday loan can’t repay it.
With Christmas approaching, Buddies are advised to take part in an open discussion in the home about debt in order to avoid choosing spending and lending methods that could cause financial difficulties well into the New Year.
A spokesman said: “December is always an expensive month for those who haven’t already set aside a Christmas budget but a frank conversation about a more affordable Christmas will pay-off massively.”