Everyone hears about how ‘Americans are in debt,’ but what does that specifically mean? Where are these debts stemming from, and most importantly, how do we combat them?
There are 4 major categories that dominate the debt umbrella. These are credit card, student loan, auto loan and medical expenses. Most Americans dealing with significant debt face at least one of these main groupings, and sometimes all four. Mortgage debt is another big one, but this obviously only affects Americans who own property.
Continue reading Solving the Credit Card Debt Enigma