How fast can I repay holiday debt?
The best solution according to me is you can opt for a Balance Transfer Card. With a 0% interest rate, you can repay your $5000-holiday debt.
Thus you can save money on interest.
Balance transfer is a good option. But I feel that it is better to pay off the debt with your savings. You have to pay off the debt at some point in your life. So, it is better to repay it now. As far as recession is concerned, you can try to do a side-hustle to build your savings.