The 2019 Christmas shopping season is well in the rearview mirror but the inevitable credit card bills are fast catching up and folks already burdened with excessive debt now find themselves at a crossroad. Even some people who stick to their budgets all year reach for the plastic in December. But now it's time to pay down that debt and our host Rob West welcomes credit expert Neile Simon to help you do that. For the first time in 2018, Americans spent 1-trillion dollars on Christmas - this past year surpassed that by 4.5 percent. The average household spent nearly $1500 for Christmas. Per consumer, spending was around $670 which includes gifts, decorations, travel and everything else. 1 out of 5 consumers expected to go into debt for Christmas. First, figure out how much debt you have accumulated, next work on a budget to determine disposable income and make any necessary adjustments to create more disposable income. Don't trust a debt settlement company. If you're struggling with credit card debt after Christmas don't hesitate to contact Christian Credit Counselors at ChristianCreditorCounselors.org. In today's show we also answer your questions: I would like to borrow money and cosign with my daughter on a car in order to build her credit. Is this wise? I worked as a caregiver as an independent contractor. I am unable to pay my large tax bill. I have been approached by several companies to get my tax bill forgiven. Is this a scam? Ask your questions at (800) 525-7000 or email them at [email protected] Visit our website at moneywise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! Remember that it's your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.