Holiday Credit Card Debt

For many, the holiday’s and credit card debt are synonymous. I know that I have a hard time not going overboard every year. (Especially when shopping for my children – who, to be honest have more toys than they know what to do with.)

There is so much to buy this year! Liv Dolls for my niece, travel accessories for my best friend, and a computer surge protection strip for my brother in law. Still, I am being careful to keep track of everything I am spending and not rely on credit cards.

If you have ever resorted to using your credit cards, you know how bad it feels come January. A recent study shows that 21% of consumers expect to carry a credit card debt as the result of holiday spending after January of next year.

How about you? How is the economy impacting your holidays this year?

Here is more news about holiday spending and how it is being impacted by the lagging economy.

Twenty-One Percent of Consumers Expect to Carry Holiday Credit Card Debt After January 2010

LowerMyBills.com®, a part of Experian, today released the results of a survey of 2,852 online auto insurance shoppers who had just completed a rate-quote request form on LowerMyBills.com. This survey was conducted between Nov. 11 and Dec. 8, 2009. Survey data shows that the recession has had a significant impact on consumer behavior and attitudes surrounding holiday credit card debt.

National retail sales face holiday slump, poll says – Crain’s New …

So do those who will carry over at least some of their holiday season credit card charges because they won’t be able to pay t

Consumers anticipate cutting back on holiday purchases – Business News

In a sign that consumer sentiment about credit card debt may be shifting, fewer respondents than last year indicated that they will carry a credit card balance because of their holiday spending

CR Index: Retail Improves in Nov. with a Strong Outlook for Dec …

Though growth has returned to the Retail Index this month, it is possible that we will see a sharp decline below pre-holiday levels as consumers recover from their splurge, and face increased debt,” Farrell said. … The negative events include: the inability to pay medical bills or afford medication, missed mortgage payments, home foreclosure, interest-rate increase, penal fees, reduced lines of credit or other changes in credit-card terms, job loss or layoffs, …

. Seventy-five percent of this year’s poll …he bill in full when it arrives. Dr. Hilfer said that when debt increases and becomes a focus of anxiety, …

10 tips for avoiding holiday financial stress: Tips for making it …

Every year, millions of generous shoppers face holiday credit card debt in January so if you want to avoid joining them, take heed of our 10 tips for avoiding holiday financial stress. 1. Make a holiday budget. …

Related articles by Zemanta

• Holiday Spending Watch: Still Below Last Year (cehwiedel.com)
• Good news? Holiday spending to be flat (dailyfinance.com)
• Ho! Ho! Ho! Canadians to keep their wallets open during the holiday shopping season: Scotiabank study (newswire.ca)
• Stick to list, shop, go home: credit expert (cbc.ca)
• Online Holiday spending approaching 20 B (robbiz1978.blogspot.com)
• Mint Study Shows That Holiday Shoppers Are Back In Action (techcrunch.com)
• Retailers Beg You To Spend Some Money This Christmas [Bah, Humbug] (consumerist.com)
• CNN poll: 50% of Americans spending less on gifts (money.cnn.com)

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