Holiday Hazards for Credit Card Users: A Timely Tip Sheet for Consumers from Americans for Fairness in Lending
Even in the midst of our nation’s current economic slump, the average consumer is projected to spend $832 during this year’s holiday season. Many shoppers will use credit or debit cards to make purchases, while others will consider rent-to-own stores or layaway plans. Whatever the choice, Americans for Fairness in Lending (www.affil.org), a non-profit organization working to end predatory lending practices and provide helpful information to consumers, suggests the following tips for avoiding the post-holiday financial hangover. Read the full Press Release (PDF).