Debt Relief Services

If you’re struggling with significant credit card debt, and can’t work out a repayment plan with your creditors on your own, consider contacting a debt relief service like credit counseling or debt settlement. Depending on the type o…

Significance

The impact of chronic debt on the poor is psychological, not just financial. We hypothesize that chronic debt impairs psychological functioning and decision-making, contributing to the poverty trap. This is because debt is not considered fun…

Debt can be a significant obstacle to reaching your financial goals. According to the Federal Reserve, Americans collectively owed $14.56 trillion in debt as of the fourth quarter of 2020. Between credit cards, student loans, car loans, and mortgages, it…