Curb Excessive Holiday Credit Card Spending to Prevent Greater Debt Woes in 2012

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Holiday spending leaves many consumers with preexisting credit card debt with an even heavier burden to face as credit card bills begin to arrive in early 2012. According to Weisberg and Meyers, LLC, Attorneys for Consumers, a close watch on holiday spending and after holiday sale spending can prevent the credit card bill "shock" that many consumers face as they herald in the New Year overloaded with financial obligations.

Online holiday spending since Thanksgiving 2011 has broken previous years records, fueled mostly by stronger Black Friday deals, Cyber Monday and the extension of Cyber Monday into the newly branded Cyber Week, according to online retail spending reports. Americans are now able to spend money via mobile device (smart phones and tablets), PC, and brick and mortar locations, making it easier to spend money in general, with one caveat. A valid credit or debit card is required in order to purchase products and services online when using any of the vast assortment of mobile devices now available, or a personal computer. The debt settlement attorneys of Weisberg & Meyers LLC, Attorneys for Consumers, advise consumers already carrying a heavy load of credit card debt to be vigilant of spending, as the holidays can create an even greater debt burden that will need to be addressed when the bills begin to arrive in 2012.

According to financial industry research, an economically challenged 2011 has put the pressure on retailers to end the year with a bang. This means consumers are reaping the benefits through lower prices and added discount incentives and bonuses such as free shipping for online purchases. This encourages greater spending and since a large percentage of the sales go directly onto a credit card, its easy to lose track of how much has been spent to date. The purchases can accumulate in number before shipping and delivery occur and without keeping close watch the total spent on gifts, the numbers and dollars can easily get lost in the holiday shuffle.

Why do many consumers procrastinate and then make a New Year’s resolution to find a way to handle credit card debt only after increasing total monthly obligations through excessive holiday spending? Weisberg & Meyers, LLC, Attorneys for Consumers, is a consumer law firm offering a suite of debt help services including debt settlement, Fair Debt Collection Practice Act violations, credit reporting errors, consumer fraud, Truth in Lending and Fair Credit Billing Act violations. Years of practice and observation of consumer behavior during the holiday season have provided Marshall Meyers, managing attorney of the firm with a wealth of insight. “Caught up in the holiday gift buying frenzy, consumers are blindsided by the credit card bills that come in after January 1 each year,” Meyers claims. “The best advice is to assess credit card debt before the holiday spending begins and put a plan in place to curb spending and closely monitor each gift purchase, and if a credit card debt issue already exists, do not continue to add to that without having the funds available to cover the purchase,” he adds.

Debt settlement could be a viable option for settling credit card debt that has spiraled out of control and according to attorney Meyers the time to think about a debt settlement plan is before going overboard for holiday gift spending that involves credit card use. Weisberg & Meyers, LLC, Attorneys for Consumers, provides review and analysis of a potential new client’s financial situation, the feasibility of debt negotiation with creditors and debt collectors on a client’s behalf is assessed and a debt settlement plan, structured to reduce monthly payments and overall debt, may be recommended.

About Weisberg & Meyers, LLC, Attorneys for Consumers

Weisberg & Meyers LLC, Attorneys for Consumers, is a nationally recognized consumer law firm, has attorneys licensed to practice in Arizona, Colorado, Florida, Georgia, Illinois, New Jersey, New Mexico, New York, North Carolina, Oklahoma, South Carolina, Tennessee, Texas and Washington, and works with attorneys throughout the country to protect the rights of aggrieved consumers. The Firm’s diverse practice includes claims under the Fair Debt Collection Practices Act (FDCPA) and Fair Credit Reporting Act (FCRA), as well as violations of the Telephone Consumer Protection Act (TCPA), Truth In Lending Act (TILA), the Electronic Fund Transfer Act (EFTA), Fair Credit Billing Act (FCBA), Equal Credit Opportunity Act (ECOA), Consumer Leasing Act, Credit Repair Organizations Act, (CROA) and State Unfair and Deceptive Practices Acts (UDAP). The Firm also offers Debt Settlement services, prosecutes Class Action Lawsuits, and handles Breach of Warranty, Lemon Law and Consumer Fraud Claims.


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