It does sound great when we hear about the recession being over from Economic professionals. However, banks are heralding that defaults in credit card would get worse as it has presently reached an unparalleled record. The cause of this has been credited by a report from Reuters to the rate of unemployment rising over a 26 year high of up to 9.7% in August. Sadly, the level of unemployment is predicted to continue on the increase to over ten percent by the end of the year. Nevertheless, there are proven ways you can employ so as to shield yourself from the downward course. Firstly, you need to do away with those credit cards. They have a way of sinking you into debt. Rather, take out a debit card from your bank or brokerage company. This helps you take out money from your account. However, you need to curtail your spending habits so you do not overdraw yourself into becoming a debtor to your bank.