How Holiday Debt Builds Up - You Aren’t Alone!
If you’ve accumulated debt over this holiday period, know that you are not alone. Debt is a common problem affecting families across the country, and many people are in the same boat as you. Holiday debt is normal and only becomes problematic if you don’t address it quickly.
If you can’t pay off your bills, your debt will start to pile up, along with the high-interest fees charged by the banks and credit card companies. Unpaid bills will also adversely affect your credit rating, limiting your ability to apply for credit or take out loans in the future.