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The Holiday Spending Hangover- and It's Effects on Credit Scores - Paul Oster #5986
Kerry Lutz and Paul Oster discussed the impact of holiday spending on consumer debt, particularly credit card debt, and its detrimental effect on credit scores. They emphasized the need for consumers to address their credit card debt in 2024, highlighting the potential economic downturn and the severe consequences of missed payments on credit ratings. The speakers also discussed strategies for effectively managing credit card debt, including exploring lower-interest borrowing options, devising a clear and mathematical plan for debt repayment, and cutting unnecessary expenses. The discussion…
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