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Credit Card Debt Likely to Increase this Holiday Season, Despite Forecast of Lower Consumer Spending |
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Written by By Lydia Verret, CardRatings.com Reporter
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Saturday, 31 December 2005 |
According to a poll conducted by Consolidated Credit Counseling Services, 60% of the 588 respondents polled said they plan to spend less money this holiday season than they spent last year. However, spending less does not necessarily translate into decreased credit card debt. Some of the key results of the survey are as follows:
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Credit Card Holiday Spending Survey Offers Valuable Insights into Consumer Debt |
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Written by By Mike Killian, CardRatings.com Credit/Debt Management Reporter
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Tuesday, 13 December 2005 |
Family Credit Counseling Service has initiated what appears to be an annual questionnaire. This year's results are detailed in the
2005 Annual Financial Stress Survey. I encourage all readers to review this PDF file as it offers significant consumer insight. The survey was begun this time last year and will be conducted again in 2006. Its purpose is to gain a better understanding of why consumers are in debt and the affects of this debt.
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