More shoppers plan to take out loan to finance the holidays | WHAT REALLY HAPPENED

More shoppers plan to take out loan to finance the holidays

With 165 million people expected to shop over this five-day weekend and spend more than last year, borrowing is also on the rise.

While using credit cards is a popular go-to options around Christmas, holiday loans also are gaining traction.

One in 3 Americans have or are planning to take out a personal loan to cover holiday shopping expenses, according to survey results Experian shared with Yahoo Money. That’s double from last year’s survey, the credit bureau said.

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