Survey: 36% of Americans took on debt this holiday

CHARLOTTE, N.C. — The holiday season can be a busy time for consumers, from making travel plans to purchasing gifts for loved ones. For some Americans, this can mean spending outside their budget by adding debt to their credit card, using buy-now, pay-later financing or taking out personal loans.

Consumer credit card debt surged in December

OKLAHOMA CITY – Apparently most of those presents under the Christmas tree last December were purchased with credit cards. Data released Friday by the Federal Reserve show that total consumer borrowing increased by $22 billion in December, to $4.197 trillion. The December jump was led by a $12.