It would be mighty nice to get heavy weight of debt off your shoulders. But it isn’t easy to do so, when you are stuck in the vicious debt cycle. It is usually caused when you don’t stick to the plan or go extravagant in spending any of the two there are also times when contingencies also cause this situation that would pile you up in debt.
Due to the usage of credit cards more and more people are overspending, and they end up huge debt on their hands and find it difficult to repay it back. There are so many companies just trying to get you get their credit card and you think it will solve all your money issues, but they just end up increasing your debt.
Lloyd Blankfein, me, the owner of cnntopnews, have a business management degree. Have 3 years of articles write.