As the coronavirus pandemic deepens, millions of Americans are skipping their credit card payments. In response, banks and other lenders are preparing for further economic fallout. CBS News business analyst Jill Schlesinger joined CBSN with more.
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As the coronavirus pandemic deepens, millions of Americans are skipping their credit card payments. In response, banks and other lenders are preparing for further economic fallout. CBS News business analyst Jill Schlesinger joined CBSN with more.
Chase and Citi were the cards that raised my interest rates outrageously before the Consumer Protection Agency stopped them. I still won’t accept new card offers from either of them.
Credit Card? FICO Score? what is that? I dumped credit and fico 13 years ago…..my credit score is legally "indeterminable" that means basically you dont exist. Pay cash or dont buy it. Once you go cash you wont go back. welcome to the year 1880. I have new diesel trucks, horses, great house, and dont owe a single cent! all on 117,000.00 a year salary. Stop buying into this circus.
That's funny I missed two credit card payments and they both charged me.late fees
i'm glad my credit card debt is zero. if you treat credit cards like debit cards, its impossible to go in debt and you will get $1000s of free money in rewards
Please define “really safe place”.
I always pay all my bills on time, never owe one penny to anyone.
Banks are buying at 1%. And charging 26%. That was once illegal.
Bunch of amateur news people. The woman stuttered like crazy and kept using silly fillers such as “um…sort of…like”. The man also used “sort of”. They need more practice and experience. Sound so uneducated.
After 2008 I made sure I would never be caught with high credit debt again. It took me 5 years but I kept one card which I pay off monthly or for large purchases I set up 3-6 month payments for payoff. I also slowly built up a buffer in savings. I would advise this for everyone. Not having a balanced budget is a BIG mistake.
I don't need that knowledge. Just don't borrow anything. That's it.
Yeah I just used my city bank card for the first time, after having it for about five months and I’ve used PayPal several times without any problems now! All of a sudden I’m noticing extra charges, my credit card companies is telling me it’s PayPal and PayPal is telling me it’s my credit card company!!!
Oh I feel so bad for the credit card companies lol. Good try
This woman not prioritizing Bills, hold on to your Cash? How about balanced budget?
Let go 50 million bankruptcy claims lol
Yes yes hehehe Haha
America is in a downward spiral!!
Learn from Trump, declare bankruptcy as many times as required.
#1 lesson No job is secure
Groceries for your family to eat are much more important than the bill collector buying a 2020 Bugatti.
BREAKING NEWS: EPSTEIN DIES FROM COVID-19
Finally my debts have been paid off by David. He’s an expert in debt relief and he paid off all my debts without leaving my credit card debts which he paid also. I’m super excited to be debt free. You can hit him up
For help on 4 6 9 – 3 3 6 – 8 8 5 6
now there's some bad advise if I ever heard it
Private possession of Gold will be outlawed soon. That's what was done during the great depression of the 1930's. On the bright side they didn't outlaw the possession of silver back then though. So silver should be a safe currency and very profitable if you already have a good amount of it. You might even get very wealthy that way during this crises.
Shouldn't have gone into debt in the first place…trump 2020 from a former Democrat
I really don’t have to worry about credit card debt again! Discovery_hack on !G got all of my cards debt fixed!
I was told the only option was a balloon payment at the end.
I'll be 34 this year Lord's willing and I've made it perfectly fine without credit cards heck I don't even like car notes I purchase all of my vehicle's outright zero car notes so why would I dare touch credit cards