balance transfer

Last Christmas  came and passed away leaving behind a huge debt for you as most of what you have spent on gifts and festivities were on your credit card. So have you thought about how are you going to fix the mess you have made of your finances?

It was claimed by the National Retail Federation that on average, people spend over $900 over the Christmas holiday period, and a huge part of it is on their cards. The results of this largesse are very difficult to overcome. Almost one third of people still have a credit card debt for what they have spent on the previous holiday period which they carry over into the next. According to an estimate it will take around 3 years to clear a $900 debt at 18% interest, if the minimum payments are made.

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