Why Do People Wind Up In Debt

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People wind up in debt for multiple reasons. The first reason is credit card. Credit cards are one of the biggest ways people end up in debt due to scams credit card companies come up with. Another reason is student loans. College now being a huge factor in the everyday person’s life, most young adults end up being in debt by the time they graduate. Finally, people owe debt to banks for taking out personal loans. People end up owing the banks hundreds to thousands of dollars due to personal loans. Because of these reasons, people are in so much

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