Posted on
November 6, 2007
at
2:29 pm
I have to vote for credit card debt. It's very easy to get into and hard to get out!
Posted on
November 6, 2007
at
2:29 pm
I think credit card debt also. Credit cards are so easy to accumlate. One may start out with a $500.00 limit, next thing you know they take it up to $5000.00.
Posted on
November 6, 2007
at
2:29 pm
I think credit card debt because lots of people now depends on it. I haven't got one because I don't want to be stressed out with the bills though it depends on how I use it. And I guess I am right not to get one.
Posted on
November 6, 2007
at
2:29 pm
I think credit cards are the most common. Loosing a job or medical expenses are usually what push someone into bankruptcy though.
Posted on
November 6, 2007
at
2:29 pm
Credit Card debt is the most common debts for rich and poor people. Coz credit card are widely accepted to anything and anywhere we wanted to spend and use the credit cards.
Posted on
November 6, 2007
at
2:29 pm
from my experience, its credit card debt. the temptation for instant gratification is too great
Posted on
November 6, 2007
at
2:29 pm
I agree. Credit card debt is the most common, and the worst kind. It sneaks up on you, it grows, and if you are a day late making a payment, not only do you get charged a fee, but the company will use that as a reason to increase your interest rate.
Posted on
November 6, 2007
at
2:29 pm
quite right. the credit card is most common. if you are addict into useing it ,it seems you dig a hole which you can't get out of .
Posted on
November 6, 2007
at
2:29 pm
[QUOTE=chum112;509]Is the most common type of debt, cause by capital instabilities or other money disasters?[/QUOTE]
If you have vices, you expect to incur debts. These vices can force you to use your credit cards.
Posted on
November 6, 2007
at
2:29 pm
I agree its usually your cards' bills and those usual small borrowings.
