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Debt is now the leading cause of separation and divorce in families. It used to be poor communication. That may also have been a result of debt, just that no one was addressing the issue. Now it is up front and couples are having difficulty dealing with the stress of mounting bills and feeling that there is no hope. They are overwhelmed and not sure where to turn.
There are alternatives to bankruptcy and even proposals if you can do a consolidation and are prepared to stick to a plan.
That does not mean freeing up cash flow so that you can go out and spend more. Most people that consolidate or refinance their mortgage, are back in the same position within 3 years. That is because the consolidation group/company does not follow up, does not educate and in fact doesn't care. They will be there to "help" you again next time. You will have a bad rating and nowhere to turn.
There is one company doing what is right for consumers on this front. Debt Freedom Canada. Call them before you consider the alternatives.
What else can I help you with?
How do common household chemicals affect the effectiveness of sewage treatement?
how does sewage treatment affect household chemicals how does sewage treatment affect household chemicals
What is the average American household credit debt statistics in 2013?
The average American started off 2013 with about $15,000 in credit card debt personally. This leads to well over $30,000 in credit card debt per household.
How did the Massachusetts' tax policy affect farmers?
Massachusets taxes on farmers after the revolutionary war affected them by taking their lands and putting others in debt.
What is the average household debt level in US?
According to this page average credit card debt is more than $4,000 per person and almost $8,000 per household. http://www.indexcreditcards.com/creditcarddebt/
What factors do affect a companys debt levels?
One of the factors that may affect a company's debt level is management. Another factor that may affect debt levels is whether the company is making profits or not.
What is the size of the total household mortgage debt in US?
March 2008-10.6 Trillion
Does medical debt from years past affect my credit?
Medical debt does affect your overall credit score. However, when buying a house or car, most of the time medical debt is not factored into the equation.
How does national debt affect a society?
it can do as it pleasessfasf
How does co-signing on an auto loan for a friend hurt your chances of getting a good rate on a mortgage for a new house?
== == It does affect your credit rating. It is reported as YOUR debt, as well as the others person's debt. It only comes off YOUR score when it is paid in full.
What is the average consumer credit card debt?
The average consumer credit card debt is $15216 in the US. The average household owes $7,098 from on their cards. In total the US is owed $11.19 trillion in debt.
Does consumer debt include mortgage payments?
Consumer debt typically refers to debt incurred by individuals for personal or household expenses, such as credit card debt, student loans, and car loans. Mortgage payments, which are specifically for purchasing a home, are not typically considered consumer debt.
Will being in debt affect your credit rating?
Not generally.
