With credit card debt up 7.5%, next financial disaster could be you – Detroit Free Press

Featuring Donna McNeill, Chief Operating Officer and David Flores, Director of Client Services

We all seem to be on the lookout for clues that we’re on the verge of another widespread financial crisis. The memories from the debacle a decade ago are so bad that no one wants to be caught by surprise again.

So many wonder: Is it a sign that a recession is looming because December’s retail sales were weak and just posted the biggest drop in nine years? Should we be focused on worries that the United States will be hurt by a global industrial slowdown? What about student loan debt? Delinquent car loans?

Yet maybe we should tune into what’s next for us, rather than the economy. What are the odds that we could be facing our own personal financial fallout?

Are you juggling so much debt — and so many bills — that you’re not prepared for your own financial crisis? What would happen after a medical emergency? A divorce? A job loss?

Some of the U.S. economic numbers, no doubt, give one reason to pause.

Continue here to read the entire Detroit Free Press article.

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