Is it true that 6 out every 10 American is in credit card debt?
Sally asked:
If so what can be to help them? How much are the people and creditors responsible for this mess? What is the government doing to help them get out of debt? Are the credit card companies helping these people get out of debt or not? Is it really true that 6 out every 10 American are in credit card debt? How did this happen to so many people?Are there any ways to get out of credit card debt if you are in it?If so how?
Comment from poolman4u03
Time October 30, 2009 at 11:54 pm
When you are young and don’t know any better, they are easy to get, and easy to run up when you don’t have any money. The credit companies are somewhat to bame because they know you really can’t afford the credit that they are giving you, but will give it to you anyway, and parents who do not show their kids how to be fiscally responsible are also partially to blame.