In the depths of the corona-economy, we are staying home, we are filling up our online shopping carts and stockpiling toilet paper. At the same time, unemployment is skyrocketing. We are doing all this spending on the credit card. When life resumes, will we be able to pay the bill?
Credit Card, Scarcity Spending and the Corona-Economy
What Will Happen if I Stop Paying My Credit Card Debts?
By: Robert J. Nahoum THE PROBLEM You lost your job or got cut back on hours. You got sick or injured an can no longer work. Whatever the case, falling on hard economic times is an all too common reality for so many Americans. Disability and unemployment pay just enough to keep the lights on. You are not lft with […]
5 Careless Credit Mistakes Millennials Make
By: Robert J. Nahoum In a recent survey 30% of millennials said they would sell a body part to pay off student debt. The absurdity of this statement certainly highlights the tremendous attention given to the student debt crisis facing millennials. Weighed down by hefty student debt, any hopes millennials have of ever buying a home, getting a car loan, […]