Job losses continue to mount, according to latest Department of Labor report. Will bankruptcy numbers be far behind?
Tuesday, February 9th, 2010Very few people set out to open a credit card account intent on not paying off the balance. Those who do are assumed to be criminals, usually identity thieves or some other sort of con artist.
Credit card debt, and all other forms of long term financial drain that lead good people into the need to file bankruptcy, is very often caused by a setback of some kind, like illness or job loss. And if recent unemployment predictions are on track, we can expect the bankruptcy rate to continue to climb.
The News & Observer published an Associated Press report about the impact job losses are having across the country.…