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 COVID-19 Information from ACCC

Credit Mistakes to Avoid this Holiday Season


  1. Opening up store credit cards. This is one of the most important credit mistakes to avoid. Store credit cards usually have very high APRs. Many people make the mistake of not paying off their balance in full. As a result, they end up paying interest for months to come.
  2. Maxing out your card. Giving gifts is great, but not at the expense of your financial health! Don’t hit or exceed your credit limit. This will not only lower your credit score, but get you in unnecessary debt.
  3. Getting a cash advance. Banks & credit card issuers will send offers during the holiday season. Be aware that cash advances are not “free” money. They come with costly fees and high interest charges.
  4. Accepting interest-deferred offers. Zero percent interest promotions are another temptation to avoid. You should repay the balance before the promotion period ends. If not, this credit trap can cost you hundreds of dollars.
  5. Shopping on unsecured sites. Shopping on unsecured sites can result in many consequences. These include ID theft, fraudulent purchases, & spyware or malware. Make sure to shop from reputable retailers & sites only.

For individuals and families trying to figure out how to pay off debts, American Consumer Credit Counseling (ACCC) provides non-profit credit counseling, credit card reduction and consumer debt management services for consumers nationwide. Our certified credit counselors provide financial education for anyone wanting to learn how to get out of debt and how to eliminate credit card debt. As alternative to expensive debt restructuring services and credit card debt consolidation loans, our debt management plans are a kind of credit card relief program that have helped thousands of people pay down credit card debt by consolidating payments and reducing interest rates and finances charges. We also offer bankruptcy counseling, housing counseling and other financial education services for help getting out of debt.

American Consumer Credit Counseling - Consolidate Debts - Better Business Bureau American Consumer Credit Counseling - Consolidate Debts - Mass Housing Approved National Industry Standards for Homeownership Education and Counseling American Consumer Credit Counseling - Consolidate Debts  - Council on Accreditation American Consumer Credit Counseling - Consolidate Debts  - NFCC Member