Title : Become Debt Free in This Economy
link : Become Debt Free in This Economy
Become Debt Free in This Economy
As the United States government continues to mount up American debt, the citizens need to consider the possibility of getting back to old-fashioned values and become debt free. Although, it's virtually impossible to become completely debt free in this society, the thing that really destroys one's finances is credit card debt. Prior to 2008, credit card companies were passing out credit cards like dinner mints at a restaurant. They were allowing Americans to have balances of $50,000 and more based on stated income and just a signature. It's no surprise that the banks almost completely crashed and burned in 2008. Now, the people that haven't used a bankruptcy filing to eliminate this unsecured debt are facing some difficult choices. Many Americans have their heads buried in the sand thinking things will get back to the way they were about five years ago. The smart money says, those days are gone and will never return. Most people have been kicking the can down the road hoping things will get better. Every month they move money around while robbing Peter to pay Paul. The lucky ones still have a job and are one disaster away from filing bankruptcy. Living paycheck to paycheck is no way to live.
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