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10 reasons people go into debt

Debt.com Logo By John Boitnott of Debt.com | Slide 1 of 11: No one wants to be in debt, but the convenience of borrowing makes it almost impossible to escape entirely. What’s more, incurring significant debt can happen more frequently than any of us may realize.
When debt gets out of hand, it creates incredible stress and financial pressure, leading to bigger problems like bankruptcy. One way to keep debt from damaging your relationships and your peace of mind is to understand it on a deeper, personal level.
Check out these 10 reasons why people end up getting into debt to help you view it differently and make positive changes to how you deal with financial issues…
Want to keep up with more financial news? Click here to sign up for our free newsletter.

No one wants to be in debt, but the convenience of borrowing makes it almost impossible to escape entirely. What’s more, incurring significant debt can happen more frequently than any of us may realize.

When debt gets out of hand, it creates incredible stress and financial pressure, leading to bigger problems like bankruptcy. One way to keep debt from damaging your relationships and your peace of mind is to understand it on a deeper, personal level.

Check out these 10 reasons why people end up getting into debt to help you view it differently and make positive changes to how you deal with financial issues…

Want to keep up with more financial news? Click here to sign up for our free newsletter.

Microsoft News originally published this piece on Dec. 19, 2019.

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