It’s been widely reported that as a nation we’re collectively in debt to a higher level than ever before, and many more people are starting to experience problems keeping their finances together. The level of personal insolvencies and bankruptcies is skyrocketing, and banks are having to put aside ever increasing amounts of money to cover bad debts that their customers are failing to repay.
Many financial experts are predicting a debt crisis in the near future, and there’s talk of a severe impact to the economy as the chickens come home to roost. How did we get into this situation? Why are our debts so high?
– Easy Credit
We’re constantly bombarded with advertising and marketing telling us how easy it could be to take out credit, and how much doing so could change our lives for the better. Competition between lenders has meant that many of them have relaxed their lending criteria, accepting applications that they may have rejected in previous times. Combine these two facts and it’s little surprise that the number of people taking out loans has increased dramatically.
– Cheap Credit
Interest rates are,...
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...
