In the past year, the realities of our current economic crisis have hit home for many people, including us. In some ways, we are lucky – Kevin still has a job, we still have a home. We did lose our second income, however, and as a result, are living without a safety net. I know we’re not the only ones.
When the economy is as shaky as it is now, it is more important than ever to be informed and have a well-rounded credit education. Sites like Spendonlife.com make it easy to look at your credit reports and scores, to get advice about credit debt, and to find resources for help when things become too tough to handle.
The new credit card laws will soon go into effect, and this will help in some ways. For some people, though, it may be too late, as many credit card companies are currently scrambling to find any loophole they can to raise interest rates before the law prevents them from doing so.
The best way to keep a handle on your credit situation is to be informed – about your credit score, about your options, and about the programs that are available for help if, and when, you need it.
(This is a sponsored blog post.)