You can See Thousands of People Are in Distress As the Consumer Debt Grows
You can See Thousands of People Are in Distress As the Consumer Debt Grows
The overall household debt in this country has risen from last year to this year. Because so many people are having issues keeping a job or finding a new one the debt is going to continue to grow out of control. When people do not make enough money it makes it very hard to pay off their credit card bills.
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The credit card industry in whole is out of control because so many people are getting letters from their card company stating that their interest rate is going to be raised only because there is a new policy within the company. There are people who have paid there bills on time for years and they are now being faced with debt that they can not get paid.
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Most people are not happy with these changes because after being long time customers they are being treated badly. The problem is that people do not have a choice in the matter they have to pay these over inflated interest rates or face having negative credit. The industry as a whole is raping the consumer by charging rates double or triple what they used to be.
It is hard to make ends meet because paying your monthly bills is hard enough but now having to shell out more money just because your interest rate has gone up is making it more difficult. The consumer debt rate is going to continue to rise because the amount of time it takes to pay off your credit cards is getting longer and longer.
There is help available to people who have large debt problems and do not know where to turn. It is important for you to find a solution so that you can get your debt paid of and put more money in your own pocket rather than the credit card companies.