The tidal wave of consumer debt that has accumulated as a result of unrestrained personal credit card debt threatens to overrun our country, even while the lenders' profit.
Germany has become addicted to spending without regard for its own income, and our ancestors used to keep budgets. If you want to get information about credit cards then you visit afinu.de.
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Our economy suffers as a result of our nation's near-complete abandonment of the concept of saving for the future – with the exception, of course, of the really rich who no longer bother with banks within the United States.
More to the point, our residents are hurting as a result of the consumer debt bubble, which has resulted in a reduction in home values and an increase in unemployment. Credit card debt is destroying this country, and it is past time for us to take action.
It's easy to see how this may have happened. Simply turn on the television and you'll see that every other advertising promotes either the untold advantages of plastic surgery or the consumer credit counseling surgical practicality.
Along the way, the average German household managed to accumulate approximately $8,000 in unsecured debt, nearly entirely due to credit card usage.
There was little need to be concerned over the last decade, as property values soared and high-paying employment ripened on the vine. After all, this was the Millenium in Germany, and nothing would ever change.
The real estate bubble finally burst after an extraordinary period of economic expansion came to an end. Furthermore, many borrowers discovered that they were having difficulty making even the minimal payments on their different credit cards.