Christmas is the most expensive holiday of the year and often means a substantial hit to consumer finances. The season is also a great time for lenders to peddle credit, particularly to those who have less than perfect credit histories. However, recent difficulties in the credit market have made it difficult for many mainstream creditors to limit their lending to those with bad credit. Many subprime lenders know this and will take the time to tempt you to borrow from them.

It is easy to fall into this trap, but can be extremely difficult to get out. Many credit cards provided by these subprime lenders charge annual interest rates in excess of 39.9% to 59.9% - compared to the 15% APR charged by the typical credit card company. These companies typically target consumers that have County Court Judgments (CCJs) along with those that are unemployed and retired and on limited incomes. It is important for consumers to realize that these companies should almost never be used.

Need debt settlement help? Call 866-559-DEBT (3328) today for a free consultation!