National Student Loan and Credit Report Debt Attorney

Tips to Avoid Holiday Credit Card Debt

It’s almost Thanksgiving which usually means that although you have yet to thaw your turkey, retailers are gearing up for the holiday spending season. The following article gives some good tips on ways to avoid over-spending on credit cards this holiday season.

http://www.wwlp.com/dpp/news/local/hampden/avoiding-credit-card-debt-this-holiday

The tip I like the best is avoiding the temptation open a new line of credit at the register to get the 10-15% discount on your current purchase. Unless you can truly afford and plan to pay off this balance at the end of the month, you will wind up paying interest on the balance you carry into the New Year. In most instances, the interest rates on these cards are usually around 18%. Make sure you know the terms before you agree to get this extra credit. And here’s another good tip for you. If you apply at the register and they tell you that you have been declined, you should take a look at your credit. There’s probably a good reason you have been denied, such as high balances on other cards that are bringing your score down. If you find that you are carrying high balances on your credit cards, you should seek the assistance of an attorney skilled in negotiating down credit card debt. You might be able to get out from under your debts for less than the amount claimed as owed through a successful negotiation of your debts.

Tips to Avoid Holiday Credit Card Debt was last modified: September 11th, 2015 by Kevin Fallon McCarthy
The following two tabs change content below.
mm
Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.
START NOW
Call 855-976-5777 or Chat Now
  • How much do you owe?
    Select your approximate debt.
    Less debt
    More debt
  • 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.