Register | Forgot Your Password? | Close

PHOENIX -- A Valley company that helps consumers with credit-card debt is having some hard times.

But that could actually be good news.

The non-profit company Take Charge America has had to make cutbacks. "A few days ago, we had to abolish 83 positions," says the company's Mike Sullivan. "Frankly, we just aren't doing the business we used to do. There aren't as many people calling."

Adds Sullivan, "The overall economy is getting better because there's less unsecured debt, less credit-card debt floating around out there."

Other experts think the economy won't improve until consumers start using their credit cards more often.

Sullivan says another reason that people aren't running up credit-card debt is because they can't get credit cards.

"(Credit issuers) are issuing less credit. They're being more careful of who they give credit to, and how much credit they give," Sullivan says. "Frankly, there's less opportunity for people to get in over their heads than even a few years ago."

Sullivan says Take Charge America aided its laid-off employees by awarding them five weeks' severance pay, a few months of medical insurance and help finding another job.

share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.
  • CopperPoint Mutual Insurance Company

    SCF Arizona has a new name. They are now CopperPoint Mutual Insurance Company.
  • Taylor Morrison

    World Class People. World Class Company. We are a national home builder committed to building homes inspired by you.
  • Go Daddy

    World Class People. World Class Company. Go Daddy is a Fortune 100 "Best Companies to Work For."
  • Avnet

    World Class People. World Class Company. Here's information on a Fortune 500 company from Arizona.

Voice For A Better Arizona

  • Working For Arizona

    The business and economics of Arizona at the start of 2014 and looking forward.
  • Arizonans In Need

    Putting a focus on charities and organizations who provide help and/or need your help to fulfill their missions.
close

Share: