Um, could it be that the cards are maxed out?
Mine aren’t but there isn’t a lot of wiggle room
left on it.
Total credit card debt tends to decline during recessions, and this recession is no exception.
“Um, could it be that the cards are maxed out?
Mine aren’t but there isn’t a lot of wiggle room
left on it.”
Years ago when my wife was on maternity leave I was late paying a credit card bill, and it was incredible how quickly the company called looking for payment (a couple of days past the due date, and daily after that for a few days until I got paid and sent the payment). I never had that happen again, and was terrified thinking how that works out for people who have lost their jobs.
I’m focused on little more than paying down debt while buying necessities; American businesses are having a hard time convincing consumers that every little thing is a necessity. The “new normal” limits our revious spending habots to government workers and the 1%; the rest of us are never going back to the “before-times”...