Who Is the Credit Card Act Trying to Help?
A fresh survey by the Fresh York-based nonprofit research and advocacy collection Demos shows that before the mortgage meltdown got into its complete swing and the economy went deep into recession, Americans in low and middle income brackets were using their credit cards to cover basic living expenses, medical costs, and other day to day necessities, building up their balances in the action. Plastic was used to cover basic living expenses like rent or mortgage payments, groceries and utilities by more than one-third of the households in the survey. More information: Home Buyer Assistance