If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, I had to return a shirt to Target. My mom offered to do it for me on her way to work, so I gave her the shirt and receipt. Later, I realized that on the same receipt I had purchased condoms, lube, and whipped cream. “

Source: UGH

Read the full article at GetOutOfDebt.org, click here: UGH

If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, my daughters school was putting on a fashion show for charity and all the kids were supposed to ask their mothers to be in it. I asked my daughter about it and she said “well I was going to ask you, but they said only to ‘ask all of your BEAUTIFUL mommies.” “

Source: livay315

Read the full article at GetOutOfDebt.org, click here: livay315

If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, my girlfriend told me that she had an ultrasound tomorrow morning. With a confused look on my face, she said to me “don’t worry, it’s not yours.” “

Source: Crazy09

Read the full article at GetOutOfDebt.org, click here: Crazy09

If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, my boss informed me that it is now my responsibility to wash the dishes, since my co-workers are consistently too lazy to clean up after themselves. I have a bachelor’s degree. Which I earned at the same university I now work at. “

Source: aeterne

Read the full article at GetOutOfDebt.org, click here: aeterne

If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, I bought a new purple shirt and decided to wear it to this charity function I was going to. I thought I looked pretty good in it. Then I got home and realized I left the sticker on. I had an “XL” sticker on my boob all night. “

Source: jessica238

Read the full article at GetOutOfDebt.org, click here: jessica238

If you are feeling low and having a bad day, worried and stressed about your debt, then you might find a moment of humor out of reading the experience of the person below that had a worse day than you.

These real stories always make me shake my head and make me appreciate that while things might feel bad right now, they could always be worse.

Steve

“Today, while getting my hair done, I was annoyed that the beautician was not paying attention while straightening my hair. After asking her three times to watch what she was doing, I grabbed the iron and said “let me do it, you’re going to burn me!”. I then burned two layers of skin off my ear. “

Source: jerkgirl

Read the full article at GetOutOfDebt.org, click here: jerkgirl

Looks like predictions of a less happy holiday shopping season are true and this article supports my position in Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas.

Home Depot Inc., Sears Holdings Corp. and other retailers may lose as much as 8 percent of their holiday sales this year because lenders and stores are clamping down on financing.

Almost a quarter of shoppers say banks cut the spending limits on their credit cards, according to a survey by America’s Research Group, which also provided the sales-loss estimate. More people are being rejected for new cards, hurting sales for bigger purchases. Demand is being pinched just as retailers prepare to enter the holiday selling season, which accounts for as much as 35 percent of their annual revenue.

“Banks just don’t have the money,” said David Bassuk, a New York-based managing director at consulting firm AlixPartners LLP. The tightening credit is putting retailers “at big risk to lose those sales or lose those customers,” he said. “There is a big concern there with the holiday spending.”

A quarter of consumers polled in a Standard & Poor’s survey released Oct. 15 said they’re at or near the limits on their primary credit card, and 20 percent said they’re approaching the limit on their secondary cards.

Outstanding credit-card debt has risen 75 percent since 1999, while real wages have grown 4 percent in the same period, according to a report last month by Innovest Strategic Value Advisors, headquartered in New York.

Target Corp., the second-biggest U.S. discount chain, is cutting credit lines and granting fewer increases to store-card holders to cope with the “very difficult credit environment,” said Chief Financial Officer Douglas Scovanner.

Chase Card Services, a unit of JPMorgan, “has lowered the credit limits of customers who have shown signs of increased risk,” spokeswoman Tanya Madison said in an e-mail. It’s still boosting them for its most credit-worthy customers.

Click Here for totally free debt help, advice and answers.

Source: Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits

Other Related Articles to Read

• Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas
• Humor: US Solves Credit Crisis, Credit Cards
• UGH
• Credit Card Horror Stories: Tales of Credit Limit Reductions and Account Closures
• Outrage Over Credit Cards with 222% APR
• YOUR VIEW: Charles Merlis
• Avoiding Post-Holiday Headaches
• This Time I Asked “Do You Think You Are a Failure When You Break Your Budget?”
• Daniel Writes In – “How Can I Get Out of Credit Card Debt?”
• Rebecca And Her Husband Are Struggling to Keep The Business Going

Read the full article at GetOutOfDebt.org, click here: Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits

Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards.

You see, the credit card issuers are getting freaked out that more people are going to start using the cards when they can’t afford it. Shocking! I guess that’s okay when you can limp along and make the monthly minimum payments but otherwise it is a bad thing.

The credit card message has been “use the card, use the card, use the card” but that pendulum is swinging to “don’t use the card, don’t use the card, we’ll take that card”.

Apparently this trend is not limited to just the United States or just hardware stores. A story in India noted:

Usage of plastic money is increasing with times but at the same times it is also increasing the worries of credit card companies. In September 2008, the transactions done through credit cards went up by nearly 20% against the previous month. Normally this would be a reason to cheer for the card companies but presently it has become a cause of concern.

The credit card companies are worrying because they think that rising usage of credit card may also result in higher number of defaults among these users.

If all of this is true, which it is, retailers are going to be hating life this holiday season as credit card issuers start closing cards to avoid even higher losses. Without available cash or loose credit, consumers won’t be able to go overboard on holiday spending.

I’m thinking we need a joust between banks and retailers. Wouldn’t that be fun to watch?

Other Related Articles to Read

• Consumers Feel the Next Crisis: It’s Credit Cards
• Is The Government’s Financial Bailout Going To Help You Get Out Of … – WebWire
• Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits
• As Economy Slows, Lenders Begin to Curb Credit Cards
• Rebecca And Her Husband Are Struggling to Keep The Business Going
• Business Noticing Increase in Credit Card Purchases. Not a Good Sign.
• Soon, Where You Shop Will Control Your Credit
• Outrage Over Credit Cards with 222% APR
• Humor: US Solves Credit Crisis, Credit Cards
• Credit crisis hits even people not late on bills

Read the full article at GetOutOfDebt.org, click here: Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas