Why People Get in Debt?

Answer

The reasons people start to drown in credit card and other debt are many. It might be a spouse passed away, divorce or they bought things they couldn't afford to pay back. One of the most common reasons for people getting in debt trouble is their job.
Q&A Related to "Why People Get in Debt"
Debt is money that is owed to an institution or individual. Most of society lives paycheck to paycheck, so they are not able to pay off a car for example, all in one shot. So, that
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Debt is any money that is owed to a creditor. This can be for a service or goods that you purchase, such as your electric bill. It can be from clothes you purchased on a retail company's
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We've all been there: Dreading to open that credit card statement; charging holiday gifts we don't have the cash to pay for. But just a few instances of irresponsible spending can
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Bonds are examples of debt securities. Bonds are categorized further into government, corporate and international debt. Bonds generally make interest payments semi-annually, before
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