Ezra points out that it seems that, as people have ceased to be able to borrow money against their homes, they are borrowing more on credit cards. The US debt problem could thus still be growing.
Wednesday, October 01, 2008
Credit card troubles
Ezra points out that it seems that, as people have ceased to be able to borrow money against their homes, they are borrowing more on credit cards. The US debt problem could thus still be growing.
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Stop using credit to add to existing debt. Cut back on spending. Make a plan to meet credit bills. For help making a plan, call one of the reliable non-profit credit counseling agencies. (See Resources Handout) If your situation is difficult but still manageable, you may want to personally call your creditors if you know you won't be able to make all payments by the due dates. Some creditors may be willing to arrange a repayment plan that you can manage. If you are working with a credit counseling agency, talk with the agency firs
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james wilkins
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