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People get into debt can be a lot of reasons. One of the reasons I know is one of my friends who's parents didn't give her any financial support (when they are suppose to) until she was 18. Once she was 18, she worked at minimum wage jobs and still not enough money to her name. So, she used credit cards to buy practically everything that she needed. Once she decided to send herself to college, she still got into more debt because of books and tuition.
Now that she is working at a job that she enjoys, she decided that she had enough debt. She did manage to enroll in a debt managment program and is almost finish. I can't say from people because that word is broad, but if you know someone like my friend that is why is because of her parents. Everyone is worth something.
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∙ 13y ago
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How many people are in debt?
Many people are in debt all over the world, which country would you like the answer to be on?
Where should one go to for Credit Card Debt Solution help?
Debt dot org is an organization dedicated to help people with their credit card debt. They do this by helping you with a debt settlement which allows people to settle without having to pay their debt in full.
What services do Debt Relief of America provide?
They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.
What are some problems with debt consolidations?
Some of the problems with debt consolidation can get cause people to dig themselves deeper into debt. The original debts occur, but due to the smaller monthly payments many people feel that they can take on more debt. Another problem is that many people use their home equity to consolidate debt, and when it can not be paid they lose their house.
What are some services that debt settlement companies offer?
Debt settlement companies offer services to help people in debt easily pay off their debt. They work with you and those that you have debt with to come up with a solution.
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
Are there counselors who provide help with debt consolidation?
There are people who specialize in debt consolotiation. These are refered to as debt counselors.
How many people are in debt?
Many people are in debt all over the world, which country would you like the answer to be on?
Why would people use CareOne Debt Relief Services?
CareOne Debt Relief Services offers loans for people with debit. They try to help people getting out of debt with personal advice and consolidating debt payments in one monthly payment.
What is consumer dept?
Consumer debt is the debt (money owed) by people as opposed to the debt of institutions, governments or businesses
Where should one go to for Credit Card Debt Solution help?
Debt dot org is an organization dedicated to help people with their credit card debt. They do this by helping you with a debt settlement which allows people to settle without having to pay their debt in full.
How does a country in debt make people poor?
It takes their money in order to get out of debt.
Where can people get free debt consolidation care?
People can get free debt consolidation care from family and friends willing to help pay off debt, or banks can help you make a plan to pay off your debt slowly and easily.
What services do Debt Relief of America provide?
They offer debit consolidation loans, debt settlement, debt management, and debt negotiation services to help people manage their debt payments so they can one day get out of debt.
How does Debt Free Direct help people get out of debt?
Debt Free Direct can help a person get out of debt by analyzing a person's current financial situation and advise them on how to go about resolving their debt. Debt Free Direct has experts ready to recommend how you can eliminate your debt.
What are some problems with debt consolidations?
Some of the problems with debt consolidation can get cause people to dig themselves deeper into debt. The original debts occur, but due to the smaller monthly payments many people feel that they can take on more debt. Another problem is that many people use their home equity to consolidate debt, and when it can not be paid they lose their house.
What kind of people would receive a collection letter?
The kind of people who would receive a collection letter are the people who are currently in debt. Many people get these letters because many people are in debt.
