You Deserve Financial Relief

Russell G. Small

Tips for keeping credit card debt manageable over the holidays

With Black Friday coming soon, many people are getting ready for their holiday shopping. One thing people may want to include in these preparations are plans on how to financially handle the holiday spending.

It is fairly common for consumers to use credit cards in connection to holiday shopping. In a recent survey, nearly three out of four shoppers said they plan on buying holiday presents with a credit card this year.

It is important for shoppers though to be careful in how they use their credit cards when it comes to holiday shopping. There can be the potential for the credit card debt built up in relation to holiday expenses to last a long time. For example, in a recent survey, over one-fourth of shoppers who used credit cards in connection to holiday spending last year reported that they were still paying off the debt related to such spending.

Having long-lasting credit card debt can put significant strains on a person’s finances. For one, it can lead to a substantial amount of interest building up on one’s balance.

What can shoppers do to help with keeping their credit card debt at manageable levels through the holidays? Steps include:

  • Make a holiday budget: This can help with avoiding overspending.
  • Look for the best deals: Researching where you can get the best prices on the gifts you are buying can help with keeping holiday spending manageable. There are a lot of online tools out there these days for price comparison.
  • Think carefully about which card to use: This includes comparing the interest rates and rewards programs of your cards.
  • Have a plan for promptly paying off expenses charged to a credit card: It is best to not carry a balance from one month to the next if it can be avoided.

What can consumers do if credit card debt does become unmanageable? There are a lot of options out there for trying to get free of credit card debt problems. In some instances, bankruptcy can help. Talking with skilled professionals, such as bankruptcy attorneys, can help individuals dealing with high credit card debt understand what options are available and which would be a good fit for their situation.

No Comments

Leave a comment
Comment Information

How can we help?

Financial Freedom Is Just A Call Away

When you are overwhelmed by debt, we can help you explore your options and find relief. Should you choose to file for bankruptcy, calls from creditors and debt collectors come to a stop almost immediately, allowing you to get back to living your life.

Call us today at 800-261-3275 or contact us online to schedule a consultation. Our firm offers evening and weekend appointments and home visits. Credit cards and payment plans are accepted. Se habla Español.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Email Us For A Response

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

get in touch

The Law Office of Russell Gary Small, P.C.

3715 Main Street
Suite 406
Bridgeport, CT 06606

Map & Directions

Hours of Operations:

Monday-Friday:
9 a.m.-6 p.m.
Saturday & Sunday:
By Appointment Only