Additionally, if you are fighting a bad credit situation, Financial Consultation should be your first stop. You will find link after link of credit advisors some of which are non-profit. Last year, about 1.3 million personal bankruptcy petitions were filed nation-wide, a record high. Since 1994, personal bankruptcies have risen more than 44 percent nation-wide, Fortune magazine reported last year. They are able to make payments until something happens.
Consumer debt runs deep nation-wide.
Still, representatives from both MasterCard International and Visa say less than 1 percent of all bank-card accounts end up in bankruptcy. Something is wrong if 1.3 million bankruptcies came about during a time of good employment and good economy. These comments were only a small sampling which came from all over the country from authoritative sources. I just couldn't fit them all. Transitioning from one thought to another is often difficult but not this time.