Wednesday, December 12, 2012

Avoiding Holiday Debt

The holidays are here, which usually means it’s time to celebrate. However, the holidays can also be a stressful time, financially. With the cost of holiday gifts, parties and travel, many people find themselves in debt over the holiday season. Often people accumulate a lot of bad debt, borrowing money to buy things they don’t really need in the first place.

Consumer credit counseling services can help you with managing credit and getting out of debt, assistance with negotiating better terms with your creditors, and guidance on budgeting your money and meeting your debt obligations.
 
For more information, visit the following websites:
  • The National Foundation for Credit Counseling (NFCC) member agencies provide comprehensive money management services based on your individual needs. Members provide free and/or affordable services, which are offered in-person or by phone. Many agencies also offer web-based services.
  • View information on credit and loans for consumers from the Federal Trade Commission (FTC). The FTC offers tips on how to be a smart financial consumer, guidelines for getting rid of consumer debt, and information on your rights as a consumer.
  • View a list of credit counseling agencies that the Department of Justice (DOJ) approved

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