Sign up for our brand new 14-day Credit Hero Challenge.Hey Credit Heroes! Did you know that 25% of Americans regret their holiday spending?Every year, consumer spending peaks during the holidays, followed by a surge in holiday debt, as 41% of Americans finance 90% of their holiday spending with credit cards.Now, you know that I’m not a fan of credit cards and that I don’t use them. But they’re a big part of our industry, and we need to address their impact. Good and bad! When used responsibly, credit cards are a convenient way to build your credit profile, and they can provide quick financial relief when in a pinch. But when used on items you don’t need or can’t afford, credit cards can be a fast track to financial ruin…So, with the shopping season around the corner, today's episode will be all about the dark side of holiday shopping, why it causes so many credit issues and what you can do to avoid it. Tune in and say goodbye to holiday regrets! Key Takeaways:Intro (00:00)Holiday debt statistics (01:14) Consumer behavior during an economic crisis (02:32)What can you do to help? (04:12) How long does it take to pay off holiday debt? (05:46)Three secrets to avoid holiday debt and holiday regret (09:16) Facebook community spotlight (12:38) Outro (15:04)Additional Resources:Get a free trial to Credit Repair CloudGet my free credit repair training My interview with Millionaire Club member RobinMake sure to subscribe so you stay up to date with our latest episodes.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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