Consistently adding to a card balance that can be paid off can quickly snowball into a more
serious debt situation.
The only solution to
a serious debt situation is to forget about credit cards and take to a recognized lender for a proper loan.
Not exact matches
As per media reports, a recent audit report regarding its
debt situation has posed
serious questions for the company to continue as a going concern.
Bankruptcy: If your
debt situation is out of control, credit counselors may suggest taking a
serious look at bankruptcy.
Paying down your credit card
debt is a winning
situation, and should be a high priority for anyone
serious about improving their financial fitness.
But the central bank has argued that the likelihood of household
debt levels becoming a
serious problem remains low and the
situation is likely to improve once the economy starts to recover.
When even the federal government acknowledges that «some borrowers are taking on high levels of
debt» you know the
situation is
serious.
More ofter than not, people go further in
debt for this very reason and their credit score falls proportionally to this
serious credit
situation.
As you can see our
situation is very unlikely to improve in the future and our continued high
debt level may have a
serious effect on our physical and mental wellbeing.
The student loan
debt situation in the UK has become more
serious in recent times.
There are many unexpected things that can put anyone into
debt, including unemployment, a
serious accident, divorce, or a variety of other
situations.