Trying to pay off the holiday purchases you made on a credit card is likely generic valium ingredients going to be a priority right after the holiday is over. You have to think about the ways that you are going to handle the situation so that you don’t make errors that could cost you dearly in the long term.

There are a few things that you shouldn’t ever consider doing to pay off credit card debt of any sort. Each of these can harm your future and might have a big impact on your finances that is bigger than what the credit card debt ever would.

Don’t take out a home equity line of credit to pay them off. This is essentially taking one form of debt to pay off another. You shouldn’t take out a payday loan because the interest is likely going to be much higher than what you pay for a credit card. Again, this is just moving debt from one type to another.

You also shouldn’t borrow from your family members or take money out of your retirement savings. Both of these can easily backfire. You might incur a fee for pulling money from retirement just to pay off a credit card.

It is a better idea for you to try to come up with another way to earn some additional income to pay things off faster. If there isn’t any possible way that you can pay off the debt, you might consider filing for bankruptcy. This can help you regain control of your finances and start fresh without the burden of holiday debt.

Source:, “6 ways NOT to pay off holiday credit card debt,” Dawn Papandrea, accessed Dec. 01, 2017