Credit Delinquencies Grow, Along with Judgments & Millennials May Be in the Dark
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Summary: Taking on multiple credit cards even while your credit is good can be a slippery slope. The temptation is there to max out balances, no matter your financial standing—and if something goes wrong with your finances, you could find yourself being sued by creditors for payment.
One of the biggest challenges in learning how to manage your money is that aside from perhaps learning how to balance a checkbook, you were probably sent into the world and left to fend for yourself financially on a steep learning curve. Although the concept is simple enough as bills come in and you must make enough money to pay them—usually monthly—complexities usually arise as we take out larger loans and may have challenges in paying them. Read the entire article here