Your One Stop Resource for Saving Money.
Avoiding credit card debt while holiday shopping
Bills.com News > Debthelp > Avoiding credit card debt while holiday shopping
Avoiding credit card debt while holiday shopping
Tuesday, Nov 24, 2009
By Lance Piper
And though consumers are trying to find that perfect gift, they may also consider avoiding using credit card debt in order to purchase it. A recent story from the Dallas Morning News noted there are a number of things people can do in order to find some debt relief during theholiday season.
One thing people can do is develop a spending plan, which will help them avoid incurring any more credit card debt. The paper noted that doing so may not be as constraining as some might think.
"In fact, it can be quite liberating because it will keep you from making impulse purchases," the report stated.
Many credit card companies are raising rates while they still can. As a result, consumers may consider putting their credit cards away and using cash or a debit card. If they do plan on using a credit card, the paper advised consumers not buy anything that can't be
paid for in full within three months.
A recent survey from the National Retail Federation shows that more consumers plan on using cash or a debit card when making holiday purchases this year. In fact, the number of people who said they would use credit card debt fell 10.1 percent when compared to last year.
Recommended stories
• Many plan to spend same amount on holidays Consumers still aren't considering an increase in holiday shopping, perhaps in an effort to find some debt relief. Nov 23, 2009
• Check alternatives before filing for bankruptcy When faced with a bad financial situation, many consumers may consider filing for
A recent survey from the National Retail Federation shows that more consumers plan on using cash or a debit card when making holiday purchases this year. In fact, the number of people who said they would use credit card debt fell 10.1 percent when compared to last year.
Recommended stories
• Many plan to spend same amount on holidays Consumers still aren't considering an increase in holiday shopping, perhaps in an effort to find some debt relief. Nov 23, 2009
• Check alternatives before filing for bankruptcy When faced with a bad financial situation, many consumers may consider filing for
bankruptcy in order to find debt relief. Nov 23, 2009
Resources that save you money
• You might reduce your monthly payments by refinancing your mortgage. Get no-cost, online mortgage refinance quotes from up to four prequalified lenders.
• Buying a home? Get no-cost quotes online for competitive, fixed-rate mortgages from up to four providers.
• Reduce your debt up to 50%. Get matched with pre-qualified debt consolidation experts.
• Get a free credit report. Find a professional to correct your credit report. Apply for a new credit card. Visit the Bills.com Credit Card Center .
Also, make sure to get a free financial health check-up with Bills IQ!
Resources that save you money
• You might reduce your monthly payments by refinancing your mortgage. Get no-cost, online mortgage refinance quotes from up to four prequalified lenders.
• Buying a home? Get no-cost quotes online for competitive, fixed-rate mortgages from up to four providers.
• Reduce your debt up to 50%. Get matched with pre-qualified debt consolidation experts.
• Get a free credit report. Find a professional to correct your credit report. Apply for a new credit card. Visit the Bills.com Credit Card Center .
Also, make sure to get a free financial health check-up with Bills IQ!
Information provided by Bills.com is for general informational purposes only and is not be
construed as legal, financial, bankruptcy, tax or other professional advice. Should you
require more detailed information or specific professional advice tailored to your situation you
should consult an attorney, financial planner or tax advisor.
While we believe all information provided by Bills.com to be accurate as of the date of its posting, we cannot ensure its accuracy. Use of this site and any information contained on or provided through this site is provided without any representations, warranties or guarantees. Bills.com is not responsible or liable for any decisions or actions anyone may take based on the information provided. Please see Terms of Use.
While we believe all information provided by Bills.com to be accurate as of the date of its posting, we cannot ensure its accuracy. Use of this site and any information contained on or provided through this site is provided without any representations, warranties or guarantees. Bills.com is not responsible or liable for any decisions or actions anyone may take based on the information provided. Please see Terms of Use.
© 2006 - 2010Bills.com LLC. All Rights Reserved.