Debt in proper proportion and incurred for the right reasons can be a good thing. Easy credit can, however, lull you into spending beyond your means. Excessive debt has many costs, some readily apparent and some somewhat hidden. Burgeoning debt levels can lead to astronomical interest and monthly minimum payments that cannot be paid. Here’s another good article on how to pay off debt in a systematic and a responsible way.
If you’ve gotten too deep into the debt hole, and would like to understand your options contact my office for a consultation. 914-385-1032.
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