Digging out of debt used to be a new year tradition.
The first three months of the year typically were the busiest for credit counselors, who were inundated with calls from Americans zapped by out-of-control holiday spending or emboldened by a “new year, new you” ethos for their finances.
But that decades-long trend may be disappearing, not because borrowers are out of their debt stranglehold but because they now need help throughout the year for their pricey car loans and ballooning card debt.
“The landscape has changed,” Bruce McClary, the spokesman for the National Foundation for Credit Counseling, told Yahoo Finance. “We are hearing more and more from people who are feeling the financial stress year-round.”
Many are stuck in…
