1.Click anywhere in the box below & press Control A to select all.At a time when home prices are falling, & energy prices are rising,
should people really be looking to take on more consumer debt?
I’m not so sure this is such a good plan.
After all, eventually consumers have to pay the money back or file for Chapter 7 or 13 bankruptcy in an attempt to discharge some of their unsecured debts.
Regardless, this article is a few weeks old, but is great for looking at the trend of how people are continuing to go deeper into debt (it takes a little while to compile previous months’ statistics) in 2008.
Check it out.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM_Af10opvlc&refer=home
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