If you’re sad or feeling lonely, buying yourself a little something can be a great pick-me-up. The practice has even earned a name: retail therapy. But retail therapy can at times get out of hand, and start people down a slippery slope of mounting credit card debt and financial hardship.

As consumers hit the malls, another type of Holiday pixies is waiting, and they are not as friendly as Santa and his crew.

With Holiday shopping season just around the corner, retailers are gearing up for the busiest time of the year with new tantalizing offers to compete for shoppers' attention.

Could you go from struggling with credit card debt to being millionaire in one fell swoop? Believe it or not, the mechanism for getting mired in credit card debt and becoming a millionaire is the exact same.

More than 60 million cardholders have had their credit limit slashed over the past few years, and with credit card defaults still in record territory, card issuers are likely to continue to tighten lending standards.