Phone Call Us 414-326-9231
Toll Free 866-678-9352
Text Us 414-277-7742

Holidays and credit card debt often go hand-in-hand

Now that we are well into the holiday season, people all across Wisconsin are scrambling to get many things done. There are events to attend, gifts to buy and trips to take. While the logistical complications of all these tasks can be hard enough, it is the financial obligations that come along with them that can put people over the edge.

There is a lot of pressure to spend money during the holidays and unfortunately, this pressure leads people to make some financial decisions they may not make during other times of the year. One such decision can be to start charging much more than you expected to on credit cards.

Spending money with a credit card can be quite easy. You may charge purchases with the intention to pay it off as soon as possible. However, many people fail to do this for a number of reasons, which is why so many people in Wisconsin carry some amount of credit card debt.

To begin with you can find yourself unable to make payments regularly due to unexpected financial situations. This can happen when people lose their jobs, get divorced or take on medical debt. Credit card payments can get pushed to the back of the line when a person needs to instead pay off hospital bills or avoid missing a mortgage payment.

However, because of the financial pressures of the holiday, you may keep spending without making any payments.

It can also be easy to fall victim to marketing ploys designed to increase credit card spending during the holidays. One such tactic is to make it seem as though a personal loan is an excellent short-term solution. As noted in this article on, banks and credit unions may offer holiday-themed loans that allow people to spend money they may not have right away. Unfortunately, consumers can then be slammed with huge interest rates later on.

These factors can make it impossible to keep up with credit card payments after the holidays have passed, which can lead to mounting fees and penalties. If you are worried about credit card debt and your options for debt relief, it can be wise to discuss your legal options with an attorney.

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map