Posted by on Jan 15, 2013 in Business, Featured | 0 comments

In 2011 1.4 Million people filed for bankruptcy. The 5 most common reasons why people file for bankruptcy can be due to medical expenses, job loss, poor/excess use of credit, divorce/separation or unexpected expenses. Going back to poor/excess use of credit, 43% of American families spend more than they earn each year. For job loss, 2 out of 3 have lost a job and half have experienced a serious health issue. The average credit card debt per household is $15,799. In America the average college student graduates with $20,000 of debt.


Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>