Fool.co.uk believe many people will have little choice but to get into increased debt problems over Christmas, as the majority of consumers haven't been able to put money aside.
Saving towards presents, food and other festive outgoings has been impossible for many as increased household bills and the credit crunch has already pushed people to the limit.
David Kuo from Fool has advised consumers to put a budget in place in order to minimise the financial damage done over Christmas and keep spending under control.