Posts Tagged ‘maxed’

Maxed Out Trailer: Americans are buying with plastic at a staggering rate. From lattes to vacation packages, car payments to home-equity loans, our reliance on credit is increasing. Even the Internal Revenue Service endorses credit cards as a “convenient” way to pay your taxes. The average American family carried about $9300 in credit-card debt in 2005 reports the nonprofit Consumer Credit Counseling Service in Dallas. But what happens when borrowers who already have sizable debts are …

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Debt collectors describe how they do their jobs–and why they prefer calling your relatives and neighbors!

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