Debt cycle nightmare

Debt Can Be A Cruel Master

The Debt Cycle

Is debt a cruel master? You bet it is. The cruelty of debt is a reality when each month it feeds off finance and interest charges, and in the end, the poor borrower has little to show for the loan. Monthly minimum payments barely cover the interest charges. Upon the end of the month, the balance looks pretty much the same as the debt cycle continues. Households continue to struggle, and they rely on credit cards and online payday loans as their primary means of support.
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