RISING RATES + HIGHER GAS PRICES MAKE IT HARDER TO HANDLE DEBT
July 5, 2006
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By Associated Press
NEW YORK – Rising interest rates and higher gasoline prices are putting the squeeze on consumers’ budgets, and many are finding it harder to keep up with their bills.
Credit counseling agencies say that consumers are coming in in droves seeking help.
“My phones are going crazy,” said Howard Dvorkin, president of the nonprofit Consolidated Credit Counseling Services Inc. in Fort Lauderdale, Fla. “Consumers are carrying an exorbitant amount of debt – and they don’t have any savings to fall back on if things don’t go right.”
RISING RATES + HIGHER GAS PRICES MAKE IT HARDER TO HANDLE DEBT
