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People in this situation usually end up there because that's the most debt they can tolerate - they are making payments but the psychological pressure from the debt and it's consequences keeps them from going further into debt (or from fixing the problem)

Every excuse for why people end up in debt is moot if you realize that almost every single one of those people could have had a positive cash savings had they only planned better, and not NEEDED debt.... they used it because they could.



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