Struggling With Holiday Credit Card Debt?

The holidays are upon us, and unfortunately, going into debt during the holidays can be a reality for many. All too often our credit cards are an ‘easy fix’ for buying something for which we really don’t have the money, such as presents or items used to host a holiday party. Although we may promise ourselves that we will pay it off by the end of January, this is not always financially possible.

Not paying off debt can have other consequences besides having to dole out extra cash due to a high interest rate. If you are late on or miss a payment, you’ll not only be dealing with the high interest rate, but also with late charges and a potential lowering of your credit score. A lowered credit score can affect your ability to snag a great deal on your next car, appliance, home or other purchases – or may prevent you from obtaining future credit altogether. Read More