The impact of the credit crunch on card users and staff


The hollow search for bargains is, however reluctantly, getting under way as I write. This is in part because of the hysterical encouragement of a media that has somehow convinced itself that it has a class responsibility to do so.

One of the great things about being at home and seeing my extended family is how much it makes me think of things beneath the surface of events.

For instance, my mother has managed to escape her employment with redundancy before it goes bust. She tells me stories of how the non-unionised workforce had holidays pared, were threatened by head office after years of service with nonsense claims that they had refused to hand back training credits they did not know they had, and generally were expected to work longer for less.

This contraction of the quality of work is even more true of a cousin of mine who works as a car salesman. He is showing up for a sixty-hour week after all his colleagues have been ‘let go’. Other relatives have told me of people worried for their futures in a town which has seen rock bottom before.

Almost all of these people have or had access to cash offices. None were under serious mortgage pressure, and all were honest. I found myself wondering what was going to happen when people who could see the backscreens in cash offices—which display full credit and debit card information—were under enough monetary pressure and had been mistreated enough by management.

Pay in cash for your desperate bargains when all those firms start going into administration, reader, or use debit cards from accounts which you can afford to lose money from. This economy is going down.

Comments

Martin said…
Martin,

There are a lot of sins crying out to Heaven for vengeance being committed at the moment.

A good New Year to you and yours.
Martin Meenagh said…
I have eyes, and can see them too, Martin. Your blog is very striking in its honesty.

All the very best to you, and a good New Year to you and yours as well.