The recent financial crisis has really hit hard for so many — only to
add more financial stress on top of what many are already experiencing!
Many graduates accept unpaid internships to earn the experience required for «entry - level» positions in their field, creating
even more financial stress forced by a lack of income.
And since you have less time to pay off a debt consolidation loan, your payments will be a lot higher and add
even more financial stress to your situation.
They can save you money and help you pay your debt off sooner, but if you're not careful they can also increase your debts and
create more financial stress.
If we see an increasing proportion of people at the lower end of the income distribution, recessions and other negative events could result
in more financial stress.
They also concluded, «Moreover, we show that insolvent individuals who do not go bankrupt
exhibit more financial stress than those who do, suggesting that these individuals would likely prefer to file for bankruptcy if they could afford it.»
These loans are very expensive and often lead to
more financial stress and problems down the road.