Sentences with phrase «clear holiday debt»

Taking data from Gallup's monthly survey of consumers about their planned holiday spending and applying to that the Federal Reserve's average credit card interest rate (13.08 % APR for accounts assessed interest in Q3 as of December 7, 2011), the chart creates a prototypical American consumer and projects how long it would take him or her to clear holiday debt by making minimum credit card payments.

Figure out how much you have to pay every month for clearing your holiday debt before the introductory period ends.

Not exact matches

The chart estimates an average American consumer needs to add about $ 64 a month to his or her regular credit card payment to clear this year's holiday debt in time for next year's Christmas.