The key to getting out of credit card debt is to act early, before it gets out of hand.
Christmas often means big bills for many people. Whether its the supermarket shopping for a dinner for the whole family or presents for the kids, it all adds up.
Last year, New Zealands combined credit card balances peaked at just under $7.5 billion in December, before slowly dropping back to just under $5.8b by April.
If youre coming out of the festive season owing more than you would like, there are a few things you can do.
The first is to assess exactly what you owe and to whom. It can be easy to get caught up in the whirlwind of festive purchases and not pay attention to just how much is being loaded on the credit card, Afterpay or hire-pu…
Read the full article at: https://www.stuff.co.nz/business/money/300180368/heres-how-to-pay-off-lingering-christmas-debt