What to Do When the New Year Brings Holiday Bills

The holidays are often an expensive time for most people, especially people with large families or with children. If you went a little overboard on your holiday shopping or traveling this year, you may find yourself dreading the new year that is swiftly approaching because it will bring your holiday bills along with it. Before you panic and try to bury your head in the sand to avoid the day your holiday bills, get to know some of the ways that you can better handle the situation and get those bills taken care of as quickly and painlessly as possible.

Try a Payday Advance

Most credit card bills do not come at the exact same time that you get paid. As such, when your bills are due, you may find yourself short on cash, but wanting to avoid late fees and collections calls from your credit card companies.

One way that you can remedy this situation is to take out a short-term payday advance or payday loan. These loans are easy to qualify for (as long as you have regular, proven income) and you can get the money you need almost immediately once you apply and get approved.

Of course, payday advances are expected to be paid back quickly and have higher interest rates than long-term loans. So, be sure you only take out your payday advance loan for the minimum amount that you need to pay your bills and that you stick to the repayment schedule that you have set up with your loan provider. 

Consolidate Your Bills onto a Lower Interest Card

If you have good enough credit to do so, consider applying for a new credit card with a low introductory interest rate and a low rate on balance transfers onto the card. These credit cards often offer no interest or extremely low interest for a set period of time (usually a year) and can help you to pay down your holiday debts without also having to pay large amounts of interest on the balance.

Once you are approved for the card, transfer all or part of your other credit card balances over to that card. You will then make monthly payments towards the balance that are often lower than the total of the various payments you were making before. Be sure, though, to calculate how much you will need to pay to reduce that balance to zero before the low introductory period expires. You do not want to be hit with a large amount of interest because you were not making large enough payments to pay your balance off.

With these ideas in mind, you can get to work on your holiday debt and bills and be sure that you do not have to start the new year dreading every time the mailman brings your mail to your home. Having a plan and sticking to it will ensure that your holiday bills get paid off in a timely manner. For more tips, visit resources like http://www.paydayexpresscashadvance.com.