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Survey: Having credit card decline is top ‘awkward’ moment

June 21, 2012

When it comes time to pay the bill for goods or services purchased, there is perhaps nothing that fills a person with more dread or terror than having a credit card payment declined.

When it comes time to pay the bill for goods or services purchased, there is perhaps nothing that fills a person with more dread or terror than having a credit card payment declined, a merchant services related nightmare.

A recent survey from CouponCabin.com revealed 40 percent of those surveyed said that having a card payment denied was the most awkward money moment. Thirty-four percent said that being pressured by friends or family members to donate to charity was the most awkward moment, while 30 percent said turning down beggars on the street was most unpleasant.

“It’s inevitable that some financial situations can be tinged with tension, but honesty is always the best policy, ” said Jackie Warrick, president and CEO of the company. “Respect your budget and trust your gut to make the right decision. Don’t feel pressured to spend money on something or share something you’d rather not, and expect others to do the same.”

Fewer people were having issues with missing credit card payments, according to another recent study. The Wall Street Journal reports that American Express, Discover, Capital One and Bank of America all posted lower delinquency rates in March.

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