Although anyone who struggles with excessive credit card debt probably knows how difficult it can be, more people continue to find themselves in this position. There are a number of reasons why people take on debt that they have a hard time paying off, such as unemployment and the unexpected loss of a job. Furthermore, in Augusta, Georgia, and throughout the state, many debtors are tired of creditor harassment, interest charges and other hardships.
Although many American consumers have been spending more money, their personal savings rate has dipped. According to one expert, unemployment, expenses and stagnant personal income are to blame. The results of a survey that was recently conducted show that almost half of all Americans owe more on their credit cards than they have in their savings accounts.