Sentences with phrase «holiday debt according»
With 14.1 million adults still carrying last year's holiday debt according to a recent survey by Consumer Reports, the experts at CreditDonkey.com recommend the following tips to help consumers stay out of debt this holiday season.
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Consumers who used debt to fund holiday purchases last year took on an average of $ 1,003 in new debt, according to MagnifyMoney.
The majority of Canadians didn't overspend this past holiday season, keeping debt down while celebrating with family and friends, according to the RBC 2015 Post-Holiday Spending Poll...
According to reports, around 8 % of American consumers still have debt left of last year's holiday season.
It's common practice to whip out the credit card in the weeks before the gift - giving season; 57 percent of parents said they'd take on debt to buy gifts for their children in 2013, according to one study, while 37 percent of adults planned to use credit cards to fund their holiday spending, according to a CreditDonkey study.
And Americans racked up on average $ 1,054 in debt to treat others — and, frankly, themselves — during the holiday season, according to MagnifyMoney.
Americans add an average of $ 986 in debt throughout the holiday season with less than half planning to pay off that debt in less than 5 months, according to a survey by MagnifyMoney.