It can improve your standard of living, enable you to buy a house, or invest in your education. However, should your level of borrowing become excessive, it can lead to problems.
If you find that you are unable to make the required repayments on your debts, then you must take action immeditely. Hoping that it will sort itself out is not an option!
Many people automatically bury their heads in the sand when faced with financial difficulties - DON'T BE ONE OF THEM. Face up to the problem. Tackle it head on. It may seem difficult at first, but trust me when I say that addressing the problem as soon as it appears will be so much easier to fix than if it's left to grow and mutate into a monster.
Yes, you've bought some nice things, thinking, "I want that. I'll put it on the credit card and pay it off next month." Can you really enjoy those things when there's a growing monster, with debt written on its forehead, towering over you?
You must tackle that debt monster!
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