COLORADO SPRINGS — As holiday bills roll in, credit card debt is top of mind for many Americans. Unfortunately, so are the people looking to take advantage of your personal debt problems.
U.S. credit card debt reached a record high of $1.166 trillion in 2024, according to the Federal Reserve.
J. Michael Skiba, MBA, PhD, international financial crime expert and program manager at Colorado State University Global, also known as Dr. Fraud, says people looking to prey on your debt are a major concern this time of year.
“This is usually when people are getting their credit card bills in,” Dr. Fraud said. “The fun of the holidays is over, so they’re kind of a little bit stressed about their finances.”
