Posts tagged credit cards
Credit Card Debt and Covid-19

In these hard times, it’s not just our health that we need to take good care of but also our financial status. Given that a lot of jobs were lost or in peril, as well as both small businesses and large companies struggling or worse going bankrupt, staying on top of finances has been hard to do.

Credit card debt has ballooned and Covid-19 has forever changed the way we do banking or the way we use a credit card. Remember that you are not alone and that there are certain measures in place to help you out if you’re struggling.

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Cutting Up Credit Cards: An Empowering Choice For Many

The credit counseling industry used to have a tradition of cutting up their clients’ credit cards, mixing the pieces with cut-up cards from other clients, and displaying the plastic assortment in a fishbowl on the counselors’ desks. It was a powerful visual aid for many clients struggling to control their consumer spending. Unfortunately, privacy concerns related to the information on the cut-up cards led to the disappearance of this tradition. However, the idea of cutting up cards still remains both a powerful symbol and an important physical step to take when facing overspending.

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