If you can’t stand the heat, get out of the kitchen! That aphorism should be inculcated in the minds of every credit card holder who collectively amassed about $800 billion in debt . Some financial analysts have tagged it appropriately as a debt trap. Are you one of those victims?
Finding ways to pay these bills can be worrisome. When you have a long list of unpaid credit card bills, this can put a lot of pressure to yourself. We think of ways of how to pay the bills or we ignore them and give more priority on our other expenses. Then comes another sets of bills, and another… and these bills have piled up in front of you. You again think of other means to pay the generating interest of your credit card that now has become overdue. To pay the bills, you apply for a new loan from another credit card company — until you find yourself trapped in the debt cycle. Needless to say, being in financial trouble can be stressful. So how do you manage it?
It is perfectly normal to experience stress. Being under emotional distress is a normal human reaction. it just simply happens to most of us. But there are people who seem to handle stress quite...
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