It isn't hard to get into debt way beyond your means to repay that debt. The credit card companies have been engaging in handing out credit cards with high limits to people who don't have and will likely never have the means to pay those credit cards off. Unexpected financial reversals can also be responsible for people getting too far into debt. An unplanned pregnancy, a job loss, an accident, or an illness can all force people too far into debt.
Wednesday, June 4, 2008
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