Dealing With Credit Hangovers

-A +A


For most people, the holidays are a great time of year. Family gatherings, comfort food, and parties with friends -- they all contribute to a memorable and festive period of time. There’s a hidden downfall to the holidays, however, and it’s one which most people would likely rather ignore than confront. That downfall? Credit card debt.

Credit card use is so prevalent during the holiday shopping season that nearly $63.6 billion is charged by consumers around the country during the short holiday span. Take into account that the average household already has $9,000 in credit debt, and the potential for financial trouble is overwhelming.

“Come January, a lot of individuals suffer a sort of ‘credit hangover’ due to their spending habits during the holidays,” states David McElveen, spokesperson for “The problem with such a situation is that the effects last much longer than most people think.”

In an article by author Mark Huffman, it’s reported that 23 percent of Americans are not likely to pay off holiday debt until March or later. That delay means huge profits for credit card companies -- the interest-accruing debt alone equals $14.6 billion.

“The best way to deal with excess debt is to do a balance transfer to low-interest cards,” says McElveen. “At, we assist individuals in finding cards which offer zero percent interest on balance transfers. It’s the perfect solution to avoiding long-term financial trouble.”

The site provides consumers with a convenient, side-by-side list of cards that helps in the comparison of card features. Everything from introductory APR and regular APR to annual fee and transfer information is listed, as is a brief description of unique card features. Consumers are also able to select from an extensive number of card suppliers, including Visa, MasterCard, American Express, and Discover. Applications are handled online with all information being exchanged over the Web site’s secure network.

“We take the guesswork out of finding the right card for the situation. There’s nothing worse than being in financial trouble, only to make things worse by selecting a card that isn’t right for the circumstances,” states McElveen.

In addition to providing cards designed specifically to aid in balance transfers, also offers low interest cards, cash back cards, airline mile cards, rewards cards, and a variety of other ‘niche’ cards. The extensive selection is one of many reasons why the company has become one of the most successful credit card sites on the Internet. “We average over 100,000 visitors every month,” says McElveen. “The numbers speak for themselves.”


To subscribe to or advertise in New York’s leading Pan African weekly investigative newspaper, please call (212) 481-7745 or send a note to [email protected]
“Speaking Truth To Empower.”

Also Check Out...

teams led by Patrick Mahomes and Jalen Hurts advancing to Super Bowl 57
Super Bowl: Sports World Reacts To
 fireside chat with Bruce Jackson, attorney and author of the forthcoming 'Never Far from Home:
Black History Month: Bruce Jackson
Oduwacoin is the first Pan-African cryptocurrency
Oduwacoin Announced As First Pan-
Ronna McDaniel’s victory today in the race for Chair of the Republican National Committee
McDaniel’s RNC Chair Victory A Win
Earl Ofari Hutchinson’s Show\Tyre Nichols’ Murder
Earl Ofari Hutchinson’s Show Today
the 1488s, a violent, prison-based Neo-Nazi gang
Alaska: Five White Supremacists