As of 2012, Americans owe $849 billion in credit card debt, $8.03 trillion in mortgages, and $956 billion in student loans. This situation shows no signs of slowing down owing to poor money values that we have as a nation. The advertising industry forces us to spend on things we don’t need and can’t even afford, and this is what the credit card industry capitalizes on.
Author name: Elaine McPartland
Elaine McPartland has an expertise writing articles related to debt consolidation and how to pay off debts easily and smoothly