Lewis & Monroe, PLLC
Call Us For A Free, In-Office Consultation
407-917-4147
No One Should Face Crushing Debt Alone

Posts tagged "debt trends"

Unemployment and weak economy effects consumer debt

Going by current consumer debt numbers, while the economy is continuing to struggle, many are still taking on student loan and auto loan debt. The thought is that as the economy continues to improve, consumers will once again feel confident enough to take on credit card debt.

Student loan debt continues to increase

Student loan debt is rapidly spinning out of control. Students are borrowing tens of thousands of dollars for an education. Their plans are to graduate from college, get a good paying job in the career of their chosen field, and slowly start to pay back those loans over the next several years. And while of course this is an admirable goal to have, the truth is there is the risk of taking on student loan debt, not being able to find a job -- or finding a low-paying one not in the chosen field -- and not being able to pay back what was once borrowed.

Consumers racking up credit card debt at rapid pace

Over the past several months the total amount of consumer debt has increased. And while some may take this as a good indicator of our nation's rebounding economy, many also worry that people are setting themselves up for financial catastrophe by pilling on more credit card debt, and other debts, than they really can afford.

Is this rise in credit card debt a good or bad economic sign?

Credit cards: some use them to pay for big ticket items, while others use them for day-to-day spending. And while these cards certainly come in handy when it comes to making purchases, these same cards can also drive a person further and further into debt.

EMAIL US FOR A RESPONSE

Debt-Related Questions? We Can Help.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lewis & Monroe, PLLC
651 Rugby Street
Orlando, FL 32804

Phone: 407-917-4147
Fax: 407-246-0008
Orlando Law Office Map