1 / 1

5 Main Reasons

1. Living Beyond Means<br>When people spend more than they earn, they quickly fall into debt. Using credit cards or loans for non-essential purchases is a common reason for accumulating bad debt.<br>2. High-Interest Loans <br>Loans with high-interest rates can cause debt to accumulate rapidly. As interest compounds, it becomes difficult to repay the original amount, leading to ongoing financial strain.<br>3. Lack of Financial Planning <br>Without a clear budget or financial plan, people may struggle to manage their expenses. This lack of planning can lead to borrowing money, resulting in bad debt.

okaycallcentre
Download Presentation

5 Main Reasons

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 5 MAIN REASONS WHY PEOPLE HAVE BAD DEBT 1 LIVING BEYOND MEANS 2 HIGH-INTEREST LOANS 3 LACK OF FINANCIAL PLANNING 4 JOB LOSS OR INCOME DROP 5 Visit Now MEDICAL EXPENSES Visit our Website: www.okaycallcentre.com

More Related