Hurricane Victims Piling Up Credit Card Debt

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00000262-hurricane-victims-piling-up-credit-card-d/

David Koenig, AP

Jerry and Deborah Alciatore fled New Orleans with nothing but a couple of overnight bags, an ice chest and their credit cards. The bags emptied quickly, but two weeks after Hurricane Katrina hit, the balance on the credit cards is mounting fast.

Their first week on the road, they charged $1,600 in food and hotel bills in Houston, about $400 worth of clothing, mostly from discount stores, and a couple hundred more on gasoline.

Jerry Alciatore splurged $1,200 on a laptop to keep in touch with employees of his small architectural firm, pushing the credit card bill to about $5,000. They’ll soon have to make another mortgage payment on their house in Metarie, which was damaged but not destroyed by three feet of floodwater.

For this complete story, please visit Hurricane Victims Piling Up Credit Card Debt.

Hurricane Victims Piling Up Credit Card Debt

Unknown Author

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