The average American consumer will have spent more than $1,000 on gifts this season, according to the National Retail Federation. Credit card balances typically shoot up in December, soon to be followed by a noticeable tick-up in credit card delinquencies in January and February, as many Americans borrow too much to pay for gifts and then struggle to figure out how to pay off the debt. The first thing you need to do is create a list of all credit cards you have, the balances on them, the interest rates and when each credit card payment is due. …read more
Source:: Yahoo Finance
