What is the most common type of debt?
Is the most common type of debt, cause by capital instabilities or other money disasters?
I would have to say credit cards and car payments.
I have to vote for credit card debt. It's very easy to get into and hard to get out!
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.
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.
I think credit cards are the most common. Loosing a job or medical expenses are usually what push someone into bankruptcy though.
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.
from my experience, its credit card debt. the temptation for instant gratification is too great
i think CC debt is the most common...
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.
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