/9918578/Banner

/9918578/Banner_2

/9918578/Mid

section

articleId

product

orgType

parrefer

accountID

Consulting

Banking

Accounting

Fintech

Internships

Rankings

Internship Rankings

Intern Resource Center

Explore Internships

Vault Law Home

Practice Area Resource Centers

Regional Resource Centers

Summer Program Resource Center

Vault Law Culture & Inclusion Survey

Vault Law

Guides

Events

Financial Services

Technology

Grad School

Work Relationships

Productivity

Diversity, Equity & Inclusion

Social Impact

Remote Work

Negotiating

Changing Jobs

Workplace Issues

Blog

Resume Samples

Cover Letter Samples

Interview Tips & Questions

A Day in the Life

International

Career Readiness

Explore Professions

Research Industries

Search Companies

Career Advice

Employers

Schools

&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;No, you&amp;#8217;re not imagining it&amp;#8212;just as everyone in the country is more strapped for cash, lenders have been raising interest rates and fees on credit cards. &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Miss a payment and your interest rate could rocket to 30 percent; continue to carry a balance and you could be slapped with a $10 charge.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;That&amp;#8217;s bad news in the best of times&amp;#8212;and we know very smart people who managed to get themselves into heaps of credit card debt during the boom. If you&amp;#8217;ve been laid off, those are extras you simply can&amp;#8217;t afford.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;We&amp;#8217;ve already shared the latest and greatest information on &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;handling your mortgage&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;, especially if you&amp;#8217;re in a financial crisis. Here&amp;#8217;s the most current advice on controlling your credit cards. Get out before you become a victim of what some see as &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;the next wave of the economic downturn&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;As we suggested last time, do an inventory of your finances first. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Motley Fool&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;This is a great time to negotiate with companies&amp;#8212;especially if you&amp;#8217;ve been a good customer. Asking for things like annual fees and penalties to be waived. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Chicago Tribune&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;If your rates get jacked up, you may be able to decline the new card terms and pay off your balance under the old agreement, but you&amp;#8217;ll probably have to close your account. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Wall Street Journal&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;, last paragraph)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;In recent years, there&amp;#8217;s been an endless supply of credit, and some people might be thinking that their cards could carry them through a rough patch. Don&amp;#8217;t count on it&amp;#8212;lenders are tightening up, canceling cards, reducing credit lines and sending out fewer offers. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Wall Street Journal&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;To save money, transfer&amp;nbsp; balances to lower-rate cards, but make sure you can pay those bills on time and don&amp;#8217;t put any new charges on those accounts&amp;#8212;they will likely be nailed with a higher rate, and will be the last portion of debt the company credits payments to.&amp;nbsp; (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Motley Fool&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;If you&amp;#8217;re carrying any sort of balance (or think you might), renegotiate your existing rates. Here&amp;#8217;s what to say. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Bankrate.com&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;, &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Motley Fool&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;In a pile of debt and considering having a debt relief service negotiate for you? Watch out for scams. Call the National Foundation for Credit Counseling for referrals to reputable shops. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;MainStreet&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;If you are able to pay off a balance with American Express quickly (and don&amp;#8217;t want an account with them anymore), they might incentivise you with $300. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;CreditMattersBlog&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Finally, credit card companies are cutting back on their rewards programs. Some are being terminated, others being made less appealing. Check that you&amp;#8217;re not being shafted, and don&amp;#8217;t bank your points for some big purchase down the road. (&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;US News &amp;amp; World Report&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;)&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;--Posted by Sara Clemence, RecessionWire.com&lt;/font&gt; &lt;p&gt;Love in the Time of Layoff: A Gentle Response to Joe the Trader&lt;/p&gt;&lt;p&gt;Screwed: 3,200 at Nortel &lt;br&gt;Happy Holidays! Here&amp;#8217;s Your Pinkslip&lt;/p&gt;&lt;p&gt;

SixFigureStart

Article

How to Handle Survivors’ Guilt After Layoffs 

The Library