Household debt has risen by more than 30 per cent to an average of £13,153 over the last three years according to figures from the Citizens Advice Bureau (CAB).

“Some may argue that the debt problem is being brought under control, but when you look at these figures it’s obvious that debt is still a growing problem for lots of families in the UK,” says Jackie Newton, general manager of Chiltern Debt Management.

“Levels of debt are increasing and as a result more and more people are finding themselves in an unsustainable financial position. And with the nationwide Christmas spending spree now getting into full stride the concern is that the situation will worsen over the next few weeks.”

The CAB, which is so busy that some of its centres are currently unable to take on new cases, has also voiced concern over the traditional festive spending spree. It is urging shoppers to limit their outgoings by following its top five festive shopping tips.

• Be realistic about what you can afford and budget for each present. Then stick to your limits.
‚Ä¢ Shop with cash, not credit cards Рavoid store cards as many charge close to 30 per cent interest.
‚Äö√Ѭ¢ Don’t feel pressurised by children to bust your budget.
‚Äö√Ѭ¢ Don’t run up an overdraft without talking to your bank.
• If you need credit, shop around for the best rate.

“A large number of the cases we see could have been avoided had the people involved exercised more caution when it came to spending. So whatever you do this Christmas, think before you spend,” adds Miss Newton