This is pretty much the quintessence of how many people get stuck in debt (it was certainly true for us): “…we were spending more than we made because we thought we would make more money later to pay it off.”
By consumerist.com July 6, 2007
More From Consumerist
- John Oliver Buys $15M In Medical Debt, Then Forgives It
- What Is Zombie Debt, And Why Won’t It Just Stay Dead?
- New Rules Would Require Debt Collectors Have Proof You Actually Owe Money
- New Rules Aim To Rein In Predatory Payday Lending, But Will They Work?
- California Senate Passes Bill Allowing Consumers To Fight Unfair Default Judgments