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Is the intuition on credit card debt just that unemployment can jeopardize your ability to make payments?
by jimbob45 7y ago
Is the intuition on credit card debt just that unemployment can jeopardize your ability to make payments?
- codezero 7y agopayments, and ability to even get a job if your score takes a hit... a lot of companies do credit checks before hiring :/
- Keverw 7y agoYep, depends on the state though. Can also affect your insurance rates too such as car insurance, not sure if other types of insurance use it as an indicator but wouldn't surprise me.
- glofish 7y agoadd to that risk the predatory nature of credit card debt, the interest is already super high, they can increase that further after a late payment, plus it stays on your record for 6 years
- throwaway5752 7y agoYes, just reduce your debt, particularly discretionary high interest ones like credit cards.
- marcosdumay 7y agoWell, other people's unemployment may also reduce your salary prospects, stop career progression and make switching jobs much harder. That said, you shouldn't ever carry any credit card debt anyway.