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Bad-Credit
‘Tis the season to shop drop ‘til you drop.  But if you are one of the millions of people dealing with bad credit, the thought of holiday shopping can be extremely stressful.  Trying to plan for the holidays can be a daunting task, especially if you are unsure how you will be able to afford to buy the gifts you want to give.  Following are a few helpful tips to keep your spirits up during this holiday season.

While many people deal with a poor credit score on a daily basis, there are ways to plan for a successful shopping experience, without the stress of trying to obtain a credit card, or spend money you do not have.  Though it may seem easier to rely on credit cards, in actuality, it is more financially responsible to create a cash centered budget.

Many financial institutions offer “Holiday Savings” accounts, for the purpose of saving money throughout the year. By having money, however small the amount may seem, directly deposited into such an account, you have the opportunity to accumulate a sizable cash fund over the year.  Many people are surprised to realize just how much they have saved by having small amounts deducted from their sources of income automatically.  Having a holiday budget in mind allows you to refrain from overspending during the season.

If you prefer to use a credit card, consider purchasing a pre-paid card.  These are easy to obtain, and do not require a credit check. A pre-paid card allows you to deposit funds you already have on the card, without the fear of rising interest rates, or going over your credit card limit.  Pre-paid credit cards allow you to keep track of how much you are spending, and how much you have left to spend.  These can come in handy when making purchases online that require a credit card, but do not produce any debt, as you may only spend what you have.  Pre-paid cards work like debit cards, though they offer more security when shopping online.

Finally, make sure to comparison shop. If there is a particular item you want to purchase, do your research.  Often, stores will either match the price of their competitors, or offer the same product for a lesser price.  Though it can feel time-consuming, it is well worth it if it winds up saving you money, leaving you with more money to spend on other purchases.  Stores that offer layaway are also good options, allowing you to make small payments on items throughout the year.

Having bad credit does not have to ruin your holiday shopping experience. Following these few simple steps can make all the difference, whether your budget is big or small.  They can also help you establish good habits throughout the rest of the year, and help to improve your credit score in the long run. Happy shopping!

About the Author
Hello, I’m Blair Thomas and I'm an electronic payment expert and the co-founder of eMerchantBroker.com who can help your credit repair business with credit card processing for credit repair companies.  I enjoy hiking, dining and discovering new music. When I'm not working in the electronic payments industry, you can most likely find me producing and writing music. Add me to your circles at Google +


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