During the recession period, a large number of people had lost their jobs. The situation was such that everyone was facing financial emergency. Thus, most of them incurred huge amount of debts in the form of credit card debts, personal loans, payday loans, etc. This had further messed up their lives. Most of them were

Today almost everyone is facing debt problems. For some it is because of overspending, for others compulsive spending and still others it is because they are faced with circumstances which they cannot avoid and are forced into spending their savings and taking loans. Whatever, be the reasons, debts are bad. Almost everyone agrees to this