So I just read an article that spending on credit cards and credit card debt are on the rise this holiday season. Since 2008, consumer spending had been down and credit down had been decreasing too. The signs are pointing that the economy is improving and one sign is people are spending again which means credit card debt is on the rise. Here is an easy calculator that may scare people into paying off credit cards quicker because it shows total interest paid. It is eye opening the amount of interest people are paying. Try this, it will make you nervous!!!
