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36% of Americans Face Credit Hangover Post-Holiday

1/14/2025

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Summary

Story summary

After the holiday season, a staggering 36% of Americans are grappling with a "credit hangover." Bonnie Spain from Consumer Credit Counseling urges individuals to tackle their debts head-on by paying more than the minimum and saving for future holidays. She cautions against tempting quick-fix debt services that could damage credit, emphasizing the importance of budgeting support.

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Story summary

After the holiday season, a staggering 36% of Americans are grappling with a "credit hangover." Bonnie Spain from Consumer Credit Counseling urges individuals to tackle their debts head-on by paying more than the minimum and saving for future holidays. She cautions against tempting quick-fix debt services that could damage credit, emphasizing the importance of budgeting support.