$$$Not Good

I was watching an MSNBC news program last week when one of the guests hinted at other possible “big” financial surprises to come in the first quarter of 2009. I added the journalist’s  cautionary “possible,” but when I pursued the MSNBC guest via email, he reminded me that some of the folks involved in foreclosures will be defaulting on their credit cards.

I remember reading stories about homeowners who were financing their  entire remodeling projects with  credit cards. Remodeling does not come cheap so you can imagine how quickly the charges added up. What has happened to those people?

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About June Morrall

1947 - 2010
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