Credit Problems for Individuals
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From the Paper:"People respond to debt in one of two ways. Some are overwhelmed by it. Others are slightly uneasy and worry that they are in too deep. Most people, in fact over 40 million Americans, fall into these categories;. and while credit offers wonderful opportunities to improve a person's material standard of living, unless used wisely, it is easy to fall into the nightmare of unpaid bills, overdue notices, collection agency letters, negative credit reports and even bankruptcy. However, it is possible to set up a credit repair system that allows an individual to get out of debt and manage money more wisely.
The first step is to recognize there is a problem. There are a number of danger signals. Credit borrowing doesn't make much sense when installments are made on products that are quickly consumed such as food, gifts and entertainment. A person..."
Cite this Essay:
Credit Problems for Individuals (2003, March 11) Retrieved August 24, 2019, from https://www.academon.com/essay/credit-problems-for-individuals-19483/
"Credit Problems for Individuals" 11 March 2003. Web. 24 August. 2019. <https://www.academon.com/essay/credit-problems-for-individuals-19483/>