In this time of uncertainty during the holidays getting another credit card might be the furthest thing from your mind. Then again you maybe looking at the job that is about to be no more and know when it does your credit score will be trashed regardless of what you do, so why not make Christmas as good as you can. I have been there.
If you decide to go forward with getting a credit card, you need to be smart about where you decide to apply for it. Credit Card Applications are easy to fill out online and even easier to do it en masse now, but if you aren’t careful about where or who you are filling them out with you could be in serious trouble that goes well beyond the damage done to defaulted credit cards.
I am talking about identity theft. As someone who has been through the wringer on this and had people commit crimes while using my identity I can tell you that this is no picnic. I am still trying to recover from it more than a dozen years after it happened and will probably be paying for it for the rest of my life. So research where you give your information out before you do it, or you could have more problems than bankruptcy on your hands.
Identity Theft is a very serious matter.
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The banks have a lot to worry about with the high cost of credit cards and the number of people that are likly to default in the comming years