Each year during the Holidays, too many people become stressed by the increased financial pressures of the season. They spend more than expected on gifts, travel and entertaining. When the new year begins, they are left trying to climb out of a financial hole. For people that are already struggling with debt, this extra spending can add to existing financial strain.

You are not alone if you feel like you overextended yourself in the last few months and have some catching up to do. According to a poll conducted by CreditCards.com, “61 percent of people with credit card debt were willing to get in deeper for the holidays.” Some people end up spending more on their kids, hoping they will be able to catch up by cutting expenses early in the next year. According to a 2019, Holiday Spending Survey from LendingTree, 69 percent of parents were worried about disappointing their children this past holiday season and 75 percent were feeling pressured to buy gifts. In addition, 40 percent of those parents said they expected to go into debt during the holiday season and 30 percent said they were still paying off debt from the previous year’s holidays.

“Catching up is always more stressful than staying on budget,” says Kris Graham an attorney with the Law Offices of Graham and Borgese, a consumer debt law firm serving New York and New Jersey. “It is easy to get caught up in the spirit of giving, trust me I know because I’ve done it myself, but it’s important to remember that it truly is the thought that counts.”

People are not catching up fast enough to the debt they have created during the holidays with the Federal Reserve reporting that all consumer debt now exceeds $4 trillion dollars. If the holidays have left you buried in debt, you may need to seek help.

“It can be easy to ignore debt problems and hope for better times, but he truth is that the only way to make things better is to take the time to sit down and review your situation with an educated and experienced professionals who can explain your options and help you set a plan in place to make things better once and for all,” says Frank Borgese.
Here at the Law Offices of Graham and Borgese, we realize that no matter the reason for your monetary woes, your overall goal is to improve your financial situation as quickly as possible for as little as possible.

“Many people are surprised to learn that they can improve their situation very quickly and wish they had taken action sooner because it could have saved them many sleepless nights, “ says Borgese.

Reducing debt and credit issues is a valuable investment in your financial future. That is why our law firm fights diligently to help our clients settle their debts and/or resolve their debt-related issues. We can help you no matter where you are in the debt collection process. We also offer free consultations to help you understand the process, your rights and the options available to you. Contact us today and take the first step to resolving your debt related issues.

888.668.9071 | www.grahamborgese.com

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