Credit card history
Some of our clients have credit card debt issues that led them to Banyan Law Firm for counseling. We may hear that new credit card offers were sent monthly to them with ever decreasing interest rates. Sadly, those that accepted those offers entered a cycle of debt, where over time, their family debt-to-income ratio became too high from credit card overuse. We share with them the following Frontline story on the “Secret History of the Credit Card” available at PBS.org and tell them they were not alone. If you find yourself in this cycle, and can no longer afford to pay for food and shelter, seek counseling.