Also explains collection agencies, debt counseling and bankruptcy. To see what languages and formats this document is currently available in, please check our on-line Library . Last revision 1993. D ebt is a way of life today. Debt is not a problem as long as you can repay.
T here are many reasons why people owe a lot of money.
One of these is advertising. Day after day we are bombarded by powerful and carefully chosen images that convince us that certain products will fulfill our needs. Spending on products is often equated with personal fulfillment or sexual and social success. The most important step in conquering debt is controlling spending. This starts with being a critical consumer and learning to separate real needs and desires from artificial ones.