The Gift That Keeps on Giving: Holiday Debt.

Now that the holidays are over and the only thing left to open are the incoming credit card bills; you can finally see the fruits of your holiday spending. The holiday season is when credit card companies push their product the most. They lure you in with contests, gifts and discounts just for signing up. Don’t forget about those low initial interest rates that only apply to transferred balances. All of these attractions also come with an extra gift with purchase they don’t mention, unless you read the fine print. The high interest rates charged for the luxury of using their card.
When you factor in the high interest rates, those hard to resist sale prices aren’t such a bargain. Depending on how long it takes you to pay off those credit cards, the interest paid may be more than the cost of the gift itself. TEUCU can help you out of the Holiday Financial Blues. Our Stocking Stuffer Loan Special has been extended for a limited time at Prime plus 2. We can lower your credit card payments into a more affordable payment. With the money you save why not start a “Holiday Fund” for next year? Many of our members have an automatic weekly or bi-weekly deposit into a separate account to use in December when the holidays come around. Imagine if you were to put away $40.00 bi-weekly for 26 pays, you could have saved over $1000.00 by next Christmas.
Credit cards are certainly convenient, but at what cost? TEUCU can make life convenient and affordable as well. Call us today to find out how you can start the New Year without being haunted by the memories of purchases past.

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