ALBANY, GA (WALB) - A recent study found 38% of Americans say they're having a harder time paying their credit card bills.
That's according to the survey by Standard & Poor's, looking at what American households are doing during the country's credit crisis.
With money tight, it's tempting to use plastic, but using the cards even more can get you in a deeper debt.
Financial experts say using it could have you paying it off long into the future.
"Make sure you don't buy gifts when you know you have your bills to pay, because what happens is most individuals go out and make this extra debt for themselves. Most times they're still trying to catch up for the whole year, and next thing you know the next year is here and you still trying to pay of last year's debt," said Yvette Nelson, New Freedom Financial Services.
Experts say if you're in danger of missing a payment, contact your creditors quickly.
They may be able to help you work out a payment plan or lower your monthly payment.Feedback