The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: saveslivesbyday who wrote (201613)	5/11/2009 1:10:33 AM
From: GraceZ	of 306849

Cindy Schneider of Connecticut, 53, is a long way from being confident about her finances. She is not making any money from her job as a real estate agent and cannot find work elsewhere. Her husband’s pay was just cut 10 percent. And she worries about how they will pay off a $5,000 balance on their credit card. When her credit card company recently raised her interest rates, saying she was three days late with a payment, Ms. Schneider transferred the balance to another card with a lower rate. “We are borrowing from Peter to pay Paul,” she said. The woman is 53 and doesn't have the resources to pay off a $5000 credit card debt, she's got much bigger problems than just that credit card debt. That kind of problem is understandable when you are 23 but by 53 you should have savings socked away somewhere.

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