Overspending over Black Friday, Cyber Monday and the Christmas holidays will have “severely negative consequences” for overly indebted consumers, a debt counselling expert has said.
Acknowledging the brief relief brought from the decrease in fuel prices in December and now January, CEO of Debt Rescue Neil Roets also pointed out that consumers are not yet out of the woods.
“The rest of the picture for 2019 looks gloomy, to say the least,” he said.
Roets says that the period between January and March will be the busiest for the debt counselling company.
“There is a certain kind of madness that grips consumers over the holidays where spending becomes totally irrational and this is not helped by the massive advertising campaigns that retailers l…
Read the full article at: https://www.fin24.com/Money/reality-bites-gloomy-2019-for-over-indebted-consumers-struggling-to-make-ends-meet-20181230