This week's episode is all about holiday debt & regret, and how to avoid them this holiday season. Tune in to learn more!
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Hey Credit Heroes!
Did you know that 25% of Americans regret their holiday spending?
Every year, consumer spending peaks during the holidays, followed by a surge in holiday debt, as 41% of Americans finance 90% of their holiday spending with credit cards.
Now, you know that I’m not a fan of credit cards and that I don’t use them. But they’re a big part of our industry, and we need to address their impact. Good and bad!
When used responsibly, credit cards are a convenient way to build your credit profile, and they can provide quick financial relief when in a pinch. But when used on items you don’t need or can’t afford, credit cards can be a fast track to financial ruin…
So, with the shopping season around the corner, today's episode will be all about the dark side of holiday shopping, why it causes so many credit issues and what you can do to avoid it.
Tune in and say goodbye to holiday regrets!
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