Dangers Of Excessive Borrowing

There is a great danger in our society of getting trapped by debt. Perhaps the greatest need in families today is to understand the consequences of being trapped by debt, with limited income, creating a financial position where recovery seems impossible.

Anyone can find a wealth of information which deals with borrowing, easy credit and debt issues, but the problem counselors often encounter is failing to get people to recognize the seriousness of their actions before they make wrong decisions. All too often, people only want help after their situation has become nearly hopeless. Just know that borrowing can be very hazardous to your financial health and possibly to your mental health, spiritual health and the health of your relationships.

Your thoughts on this subject? Your comments appreciated!

Content © Rich Brott, 2011

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