As consumer credit made a jump in the fall, spending has increased by roughly $25 per consumer during the Black Friday shopping weekend alone. This increase in spending is somewhat frightening considering that we as a nation continue to increase our personal debt while unemployment continues to burden many Americans.
https://www.businessinsider.com/5-ways-to-make-it-through-the-holidays-debt-free-2012-11
There are ways that consumers can stay away from using credit during the holiday season. This article gives you several tips on how to apply these strategies to your gift buying. If you anticipate a post-spending nightmare, search for a debt settlement attorney in your area. A qualified attorney will be able to give you an overview of your options and let you know if they can provide some form of debt relief.