Should You Consider Applying for Debt Relief Before the Holidays This Year?

Credit and debit card spending by household was up 2.4% in October, the strongest annual growth since early 2024, according to Bank of America’s 2025 Consumer Checkpoint report.
If you’re feeling pressured to spend more this holiday season, consider strategies and tools like debt consolidation, balance transfers, and budgeting apps before taking on more debt.
Debt relief comes in several forms, but it typically involves paying off some of your debt for a fee or working with a credit counselor.
If you can, gift yourself the present of less debt by saving money and paying off low-balance debt first.

With the end of the year fast approaching, the holiday spirit can tempt even the most miserly Scrooge to splurge on gifts for…