Shoppers turn to credit cards for holiday purchases
UNION GAP, Wash -- Shoppers were out in full force long before the sun rose Friday morning --many of them using credit cards for their purchases.
"The cards are kind of convenient because there are actually quicker, " said Charlene Gerhauser of Yakima
According to the Center for Responsible Lending, credit cards have become the most common form of currency for millions of Americans. Since 1989 credit card debt as tripled in the U.S. to over 700 hundred billion dollars.
Middle and low income households, on average, carry $9,000.00 in credit card debt. During the holiday season many families will turn to a credit card to purchase gifts because of the speed and ability to pay later - potentially drowning them in debt.