Archive for May 2023

Debt can be a way to help secure one’s financial future. However, it must be used wisely. Unfortunately, many consumers today find themselves unable to repay the debt they have incurred and can be called overindebted. Signs that a person is overindebted: Borrowing from one creditor to pay another Having no emergency fund or savings…

Debt has the potential to create lasting issues. Many consumers find themselves in a never- ending spiral of borrowing more money and landing in yet more debt. Overindebtedness means that a person’s living expenses are higher than the monthly salary he receives. Not spending wisely is a cause. However, there are other factors that play…