The true cost of consumer debt
A sudden emergency or a general rise in expenses may be a couple of reasons why people incur debt. Or, it could be from a nice vacation or general mismanagement of cash flow. In either case, credit card and other consumer debt is something that can’t be ignored and can have the most damaging impact on a person’s financial future.
Credit card debt is widely held in the U.S. Over 43% of Americans have held the same debt for more than 2 years and the total sum has reached $1 t