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Home –› Banking & Finance –› Loans & Funding
 

Hurricanes and Credit Issues

 
Author: Lance Winslow
 

Hurricanes and credit issues are serious things and if you are planning to get out of Dodge to avoid a major catastrophic large category hurricane you will need to make sure that your credit card limits are not maxed out and that you have an available balance to afford fuel and hotel rooms for up to three to four weeks.

In fact many areas along the Gulf Coast of the United States after the 2005 Atlantic tropical hurricane season did not allow residents to return for almost three months. Can you handle a financial crisis of that magnitude for three months?

Consumer financial analysts say that the average consumer is 150 times annual income in short-term debt; car loans and credit cards. You can certainly see how serious things can get if you and your family are loaded in the minivan or an SUV attempting to live at a relative's house or in a hotel room.

It is important to have extra cash available, as well as money in the bank so you can use your ATM or a large credit card balance so that you can buy meals, hotel rooms and other important items you'll need to sustain your family for a long period of time just in case.

The 2006 Atlantic tropical hurricane season is said to be a very large and damaging hurricane season and you and your family need to be prepared and understand the consequences if you fail to line up your proper credit issues in advance. Please consider this 2006.

 
 
 

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