Things have gotten pretty bad when it comes to managing credit card debt in our borrowing nation. When a credit card company, or a mortgage company is encouraging you to go into debt even more by paying off a debt just to get into another, you know were in trouble.
Credit card debt has grown to massive amounts. Perhaps this is from credit card companies soliciting students at a vulnerable time, when they know theyre just going out on their own for the first time, with little to no income; its like dangling candy in the face of a child. These kids are at a period in their lives when money management is the last things on their minds. This is going to become an even bigger problem for both the consumers and the credit card companies, when the income to debt ratio is greatly unbalanced, and nobody is able or pay, or in turn be paid.
Its not only the aspect of the college students and their debts, but as well the people who knowingly get themselves into a world of trouble, spending way over their limits on credit cards, and obtaining mortgage loans that they cannot afford. Saying that this isnt the best way to go about things is an understatement.
One...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
