Generosity this time of year can have a price, especially if you’re running up your credit cards to buy gifts.
“Debt protection” is an insurance offered by some credit card companies. If, for example, you lose your job or have a health problem and can’t make your minimum payment, they’ll cover it — for a fee.
If you’re suffering from a holiday spending hangover, the new year brings an opportunity to get your finances back on track.
Have you made your holiday shopping list yet? For most of us, the answer is no. But as 3 On Your Side Consumer Reporter Jim Donovan explains, taking some budgeting steps now can help you avoid starting the new year with an ugly debt hangover.