Holiday Spenders Beware: Credit Card Hangover Coming

For many Americans, it's an annual tradition that goes hand-in-hand with eggnog and mistletoe — millions of people will charge millions of dollars on their credit cards this holiday shopping season.

Of course, it's easy to pull out the plastic in the weeks leading up to the holidays, but much more difficult when those bills come due in 2007.

More than 115 million Americans carry monthly credit card debt, with the average American debt around $9,000, according to Cardweb.com. And many of those paying off a high balance were surprised when the minimum monthly payment due rose during the past year.

Read more at: Holiday Spenders Beware: Credit Card Hangover Coming