Late Credit Card Payments Key Sign of Financial Hard Times
Did you know that one of the biggest overall indicators of financial hard times here in the US is an increasing trend in late credit card payments? It’s pretty easy to guess why. If your budgest is squeezed between getting enough gas in the car to get to work to buy your family food and keep them warm, the last thing on your mind is going to be getting those credit card bills paid on time!
Another sign of bad economic times, as I indicated in one of my previous posts, is the fact that nonprofit consumer credit management agencies are getting record amounts of calls for help. People are drowning in their debt, especially credit card debt, and other priorities are taking precedence over these revolving debts. Can you blame them?
