It's no secret that many Louisiana residents struggle with credit card debt. In fact, according to a new report by Business Insider, Ruston, Louisiana, comes in second in the nation for cities with the worst credit card debt among residents. Hammond, Louisiana, is seventh on the list.
While holiday cheer is in the air, you may be feeling uneasy about the cost of gifts, groceries and everything else that comes with holiday parties and gift exchanges. While it may be tempting to use the holidays as a good excuse to charge things to your credit card - you can do things in a way that avoids going into debt. There are many tips to help you stay on track this holiday season, and avoid the post-holiday stress of suddenly finding yourself in more debt than you can handle.
Most Americans have at least some form of debt, whether it is a home mortgage, an auto loan, student loans or some other kind of credit. In fact, many of us will carry various forms of debt for our entire lives.
One of the best things a person can do to rebuild their credit score after filing for bankruptcy protection is to open a credit account and use it wisely. However, those who have had financial problems in the past are often offered subprime credit cards, which can lead to even more debt.