Both suggest obtaining a consolidation loan or a line-of-credit, if possible, to pay off the credit-card debt, since those offer much lower interest rates. ...
See all stories on this topic
- Login or register to post comments
- Feed: consumer debt
- Original article
Most of us are unaware on spending money during holiday season. They are not aware how much money to allot for holiday gifts, and so they are ending up with holiday debt. Now that the holiday season is over, the addressing of holiday debt begins. Oh, we all got out the credit cards for Black Friday, and buying gifts for loved ones – and now we have to pay for it. You just have to be willing to sacrifice a few things until you're paid up. What I usually do, is budget for it – I stop using credit cards or any credit, including payday loans or anything, after the holidays. That way, I can save the most I can to pay off those gifts as quickly as possible – that's what the finance experts recommend, and it works pretty well.
