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Article: Consumer Credit Counseling Service of Los Angeles Offers Tips for Digging Out of Holiday Debt.
- Article from:
- Business Wire
- Article date:
- January 3, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LOS ANGELES--(BUSINESS WIRE)--Jan. 3, 2001
Southern Californians may not have to dig out of the snow in January 2001, but many will have to dig out of another overwhelming situation: debt aggravated by holiday spending.
The average family was expected to spend about $1,067 on holiday gifts alone. In addition, many people also accrue substantial travel, postage and entertainment expenses.
Consumer Credit Counseling Service of Los Angeles (CCCS-LA), a non-profit organization who works with consumers to prevent and manage debt, routinely sees a significant jump in their number of clients in late January and early ...