SOLVE YOUR FINANCIAL WORRIES!

Another Christmas season has come to an end. The presents, family dinners and corporate parties are all things of the past. Yet many will wake up in January with a financial hangover.

Americans are increasingly incapable of keeping up with credit card bills. An Associated Press analysis of financial data from many major credit card companies showed double-digit percentage increases in bill payment delinquency. According to the Federal Reserve Bank, Americans owe $920 billion in credit card debt.

Some say the expanded debt is partly the product of the deep-rooted American attitude that credit card debt is “no big deal.”

“The desires of consumers to want, want, want, spend, spend, spend—it’s the fabric of our nation,” Howard Dvorkin, founder of Consolidated Credit Counseling Services in Fort Lauderdale, Fla., told AP. “But you always have to pay the piper, and that can be a very painful process.” ... READ ON ...