While the causes for these horror stories are varied and obviously complicated, there is almost always a common detail: Most clients in significant
debt trouble today would not be in that situations had they simply funded their lives by cashflow instead of credit.
Not exact matches
Atlantic City, N.J., averted default by making a $ 1.8 million
debt payment
today, but its mayor warned the Jersey Shore resort town still faces serious
trouble.
Mr Hancock said that it was inevitable that everybody in the UK would have to work for longer, saying that «we're in a mess — the economy was in such a terrible state, and you know, only
today, Spain's credit rating's been downgraded, yesterday Portugal had
trouble selling its government
debt.
The Bank of Canada
today paints a
troubling picture of what has become a vicious circle where consumer
debt is concerned, and amid weak underwriting standards on some home equity lines of credit.
And
today's young adults are getting into
trouble with borrowing money for college at unprecedented rates: In a February 2013 analysis on student
debt, Federal Reserve Bank of New York economist Donghoon Lee said, «Student
debt is the only kind of household
debt that continued to rise through the Great Recession.»