With talk circulating about the fiscal cliff, many may wonder how it would affect the everyday consumer.
Bill Hardekopf, CEO of LowCards.com, says one area the fiscal cliff is bound to effect are credit cards.
Hardekopf says statistics and projections show the painful consequences with tax increases if a deal is not reached. He continues by stating higher tax payments will be bad news for household budgets that are already stretched to the limit.
Click through the slideshow to see just how your credit card account could be affected if a deal is not reached.