Commons reasons for credit card debt
Posted on June 26, 2009 at 4:10 am
Nice one there, divorce and no job. I wondered of missing it by mistake. Would it be possible that way? Once I missed because I lost track of time.
Its just silly of me.
Posted on June 26, 2009 at 5:10 am
Also if you're a recent credit card user, you do not know how the whole industry works with its "buy whatever you want now pay it later" lure. That's why I think that it's good that President Obama prohibited credit card marketing to kids less 21 years old. Credit cards are like pringles--
Posted on June 26, 2009 at 5:25 am
I agree with the now you know, I think even if some people say that the Obama credit card law does not help the interest rates any, as there is no reduction to it, I think that 45-day advanced notice, before any changes to the card terms is made, would help the consumer somehow. In the long run, I think that that policy on marketing to the minor would also yield some positive result.
Posted on June 26, 2009 at 9:10 am
Some reasons for credt card debt:
1) Loss of job.
2) Divorce.
3) Medical Issues.
4) Hours cut at work.
5) Overspending.
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