Short term loan provider Lending Stream investigates whether Christmas will be a 'gift' this year

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Christmas surveys from American Express and the British Video Association reveal cutting back on gift expenses and the presents people really don't want!

Happy Holidays from Lending Stream!

Lending Stream, the short term loans company has been doing some research into the practice of giving as we draw ever closer to the big day.

Lending Stream, the short term loans company has been doing some research into the practice of giving as we draw ever closer to the big day.

As far as gifting habits are concerned, according to a new survey by American Express(1) shows that one-in-four people are planning a ‘Secret Santa' system - selecting just one member of their family or group of friends that they will be responsible for buying a gift for, which may be partly down to restricted budgets in the face of the economic downturn.

The same study found that 68% of those surveyed plan to agree on a financial limit on what they will spend on each other, while 38% of the population will be requesting specific gifts from loved ones to make sure they get what they want.

The survey also found that almost half (48%) plan to request gift lists from their family and friends to avoid money being spent on unwanted Christmas presents.

And speaking of unwanted presents, a survey was carried out by the British Video Association(2) that found that almost one in three British adults said that they'd received an unwanted gadget that has remained unused - either because they couldn't work out how to use it, or just couldn't be bothered.

The survey found that of the 31% who were given high tech gifts that never got used, 39% didn't feel they had time to use the devices, 23% couldn't see the point of the gadgets, and 7% didn't know how to use them. 18%, meanwhile, said they just didn't like the gadgets very much.

Among Britain's least wanted gadget gifts were such reliably useless old standbys as digital organisers, bread makers, electronic sudoku machines and foot spas.

Which raises the question of what to do with unwanted gifts. The most obvious option is to return the item to where it was bought. Legally you are required to have a proof of purchase, but shops are often more lenient around Christmas time, so long as the item is undamaged.

Another option is to sell it, on the likes of eBay, Gumtree or Craigslist, or perhaps re-gift the item the following year - just make sure you don’t give it back to the person who gave it to you!

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Sources:
(1).Omnibus research was conducted by 72 Point / One Poll, 2,000 UK adults who celebrate Christmas were surveyed between 21 October and 24 October 2011. Click here for more details.
(2). survey of almost 2,000 British people carried out by the British Video Association. Click here for more information.

About Lending Stream
Lending Stream is an online lender formed with a single mission: to make payday lending more straightforward and understandable for consumers. We offer emergency cash loans with the additional benefits of convenience, quick approval, world-class customer service and a genuine understanding of how important an emergency loan may be to you. No faxes. No stringent loan requirements. And no frustratingly long waiting times. Lending Stream is registered with the Information Commissioner's Office (Data Protection No: Z1451218) and hold a Consumer Credit License (0620194). We are registered in England (No. 6648787).

For more information please contact
Bill Hunt Public Relations
Bill Hunt
tel: 07956 531515

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