Payment Priorities: Maggie and Jason

Return to the main story: Card Usage Rises as Credit Crunch Continues

Maggie Pennyworthy and her husband Jason, both 76, of Lehigh Acres, are fighting to survive as they deal with the aftershocks of reduced credit limits and unemployment.

“Until a couple of months ago we were never late, paid on time, nine times out of 10 paid more than the minimum,” Maggie said. “Then they started increasing the interest and limiting our ability to borrow. Now we’re behind the eight ball. We’re on Social Security and we’re fighting.”

Jason is making a little money by taking aluminum cans and other items to a recycling business while he waits for a job at a local courier service. His credentials are good: 25 years driving a bus in New Jersey, where the Pennyworthys lived before retiring here.

Maggie said she’d like to pay off the credit cards, but Medicare supplemental insurance and the mortgage come first.

“There are certain things I can’t let go,” she said.


Return to the main story: Card Usage Rises as Credit Crunch Continues

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