Household debt has now exceeded the national debt of the USA – what does this mean, this means that the people who live in America, you and me, owe more money to companies (particularly banks) than the entire government does to other countries!!!!
This figure is incredible but how has debt spiraled so far out of [...]
Entries Tagged as 'Mortgages'
Credit Cards and The Growing Consumer Debt Epidemic
November 27th, 2007 No Comments
Tags: America · Credit Card · Fannie May · FICO · Mortgages · Sub Prime · United States · Universal Default Clause · USD
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