‘Blue Monday’ 2018

What is Blue Monday? Why is it so depressing? And how do you get through it?

If you thought taking the Christmas decorations down was a depressing time, just wait until Blue Monday. Nationally recognised as ‘the most depressing day of the year’, when Blue Monday hits, it hits hard. Your account has been depleted after an expensive Christmas, and whilst that early pay in December may have seemed like a great idea then, you’re feeling a little strapped for cash… This year, the infamous day landed on Monday 15^th January.

Every new year, on the third Monday in January, Blue Monday strikes. First coined back in 2005, from a press release by Dr Cliff Arnalls’ holiday company – Sky Travel. Dr Arnalls found that the depressing day is an amalgamation of bad weather, the end of festivities paired with low motivation levels, failed resolutions and, worst of all, debt.

Your credit card statements all arrive, and you’re staring that whopping great Christmas debt in the face. Whilst it seemed like a great idea, to splurge on presents and food at the time, you’re left wondering how you’re going to make those credit card payments. But, don’t let Blue Monday get the better of you! Below, we’ve got some helpful advice to get you through the most depressing day of the year.

Beating Blue Monday

Weather – Whilst you can’t do anything about the bad weather, you can change your attitude towards it. Ignore the rain and cold and focus on what’s going to be good in your day instead. Because the rain and cold never hurt anybody.

End of Festivities – So, Christmas is over, but, you can still celebrate something. Make some plans with friends or family, give yourself something to look forward to. A night out or meal where you all get together, it doesn’t have to cost the world. There are loads of great places out there for a good price, all you have to do is look around.

Low Motivation and Failed Resolutions – We wrote a pretty lengthy blog on how to keep up your resolutions, which you can find here. A big part of keeping your motivation up is to work towards something you want. Whether that’s to be healthier or to save more money, set your mind to what you want to achieve, true motivation comes from within.

Debt – Coping with debt can be stressful, managing multiple payments and statements whilst staying on top of bills is enough to stress anyone out. More and more, there has been a rise of loans for specifically consolidating debt. It’s an easy way to make your debt manageable, by creating one payment. Please visit https://www.moneyadviceservice.org.uk/en/tools/debt-advice-locator  for free and impartial money advice.

Whatever the reason, don’t let debt ruin your new year. At TFS Loans, we can provide debt consolidation, guarantor loans – to help you overcome the financial titan that is Christmas expenses. Why a loan when you’re already in debt? Well, merging your debt into one convenient payment makes managing your money a lot easier.

But, if your credit isn’t great, most high street lenders won’t give you a great rate, or any money at all. Guarantor loans operate differently, they are a traditional way of lending, that doesn’t need to rely on computer generated credit scores. All you need to do is provide a guarantor that trusts you with your application. Then they, your guarantor, need to agree that if you can’t make a monthly repayment on your loan, they will cover it for you. It’s a great way of getting a fairer rate on a loan, with bad credit.

Payday loan companies have extremely high interest rates over short term repayments. But, guarantor loans have fixed rates and longer repayment terms. You can borrow anything from £1,000 to £15,000, over 1 – 5 years. 44.9% APR Representative. Making paying off your credit cards easy, and hassle free – with a little bit left over to treat yourself.

A guarantor loan can be used for pretty much anything – as long as it’s legal… Alleviate Blue Monday blues, with hassle free lending options – from TFS Loans.

TFS Loans are specialist Guarantor Loan lenders. We offer Guarantor Loans from £1,000 – £15,000 for a range of purposes including large purchases like cars, home improvements, weddings and other events, debt consolidation and for start-up/small businesses.