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Still Paying for Last Christmas? The Holiday Debt Trap

Christmas is coming. Unfortunately, you may still be paying for the last one. And the one before that.

Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, tackle holiday spending, credit card debt, and why a debt consolidation loan can leave you with another payment and a fresh batch of credit card bills.

Steve wants you to draw a line in the sand before buying another gift. Damon understands the “one last Christmas, then I’ll fix it” approach. We debate both, talk about making a realistic holiday budget, and revisit the year Steve gave people soup beans for…

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