Credit Cards vs Savings: Navigating Unemployment
Update: 2025-11-24
Description
Unemployment and Credit Cards: A Cautionary Tale - Using credit cards during unemployment can lead to costly debt due to high interest rates. However, some cards offer zero percent APR for a limited time. If you must use a card, make at least minimum payments to protect your credit score. Instead, consider using savings or exploring other options like budget cuts, side gigs, or selling items. Reach out to lenders or credit counselors for assistance.
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